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Advancing Eyecare plans $340 million credit facilities for buyout
By Sara Rosenberg
New York, May 27 – Advancing Eyecare plans on getting $340 million of credit facilities for its acquisition by Cornell Capital LLC from Atlantic Street Capital, according to a market source.
The facilities consist of a $40 million five-year revolver, a $250 million first-lien term loan and a $50 million delayed-draw first-lien term loan, the source said.
UBS Investment Bank, Jefferies and Golub Capital are the joint lead arrangers on the deal.
Closing is expected this quarter, subject to customary conditions.
Advancing Eyecare is a Jacksonville, Fla.-based provider of ophthalmic instruments.
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