Emerald Holding (EEX) said Thursday it completed the refinancing of its existing first lien term loan with a $515 million senior secured term loan facility.
The new upsized seven-year facility matures on Jan. 30, 2032, according to the company.
Additionally, Emerald extended the maturity of its $110 million senior secured revolving credit facility by five years to Jan. 30, 2030.
Proceeds were used to refinance all existing loans under senior secured credit facilities and the balance will be used for general corporate purposes including acquisitions, the company added.
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