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Viad readies launch of $400 million term loan B for Tuesday
By Sara Rosenberg
New York, July 12 – Viad Corp. will hold a lender call at 11 a.m. ET on Tuesday to launch a $400 million term loan B (B+), according to a market source.
BofA Securities Inc., BMO Capital Markets, KeyBanc Capital Markets and Truist are the leads on the deal.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to repay revolving credit facility borrowings and for general corporate purposes.
Viad is a Phoenix-based provider of experiential leisure travel and live events and marketing experiences.
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