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Pilot Travel intends to redeem bonds using credit facility proceeds
By Melissa Kory
Cleveland, March 8 - Pilot Travel Centers LLC said it intends to redeem some bonds using proceeds from its proposed $2.6 billion senior secured credit facility.
The facility consists of an $800 million revolver, an $800 million term loan A and a $1 billion term loan B.
Pilot Travel Centers is a Knoxville, Tenn.-based operator of travel centers.
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