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Marlin Equity enters $160 million loans upon acquiring Tellabs
By Marisa Wong
Madison, Wis., Dec. 4 - Blackhawk Merger Sub Inc., an affiliate of Marlin Equity III, LP, Marlin Equity IV, LP and Marlin Management Co., LLC (d/b/a Marlin Equity Partners), entered into a financing agreement on Dec. 3 for a $140 million term loan facility and a $20 million revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.
The facilities closed on the same day that Marlin Equity completed its acquisition of Tellabs, Inc.
Cerberus Business Finance, LLC is the administrative agent and collateral agent.
The term loan and the revolver each have a term of five years.
The revolver includes a letter-of-credit subfacility.
Marlin is an investment firm based in Los Angeles. Tellabs is a Naperville, Ill.-based supplier of networking solutions.
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