The amendment facilitates the repricing of an existing $750m revolving credit facility and an existing $1.43bn term A loan facility. It also increases the size of the existing revolving facility and adds a new $375m term B loan due 2021.
According to a filing, the company intends to use the proceeds of the new term B loan, together with borrowings under the revolving credit facility and cash on hand, to redeem its 4.625% senior notes due 2020.
JPMorgan is acting as lead arranger for the amendment.
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