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Aventiv Technologies expected to bring $400 million secured notes during May 1 week
By Paul A. Harris
Portland, Ore., May 1 – Aventiv Technologies LLC is expected to launch a $400 million offering of first-lien senior secured notes during the May 1 week, according to market sources.
Deutsche Bank Securities Inc. will lead the offering, a trader said.
Further details were pending at press time.
The Dallas-based supplier of communications and other services to corrections and government services sectors plans to put in place a $700 million four-year term loan B. An investor call is set to take place at 10 a.m. ET on Wednesday.
Proceeds from the loan and notes will be used to repay debt.
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