Veritas Said to Seek $180 Million in Loans for CPI
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Veritas Capital will meet with lenders Jan. 12 to discuss $180 million of loans to back the purchase of Communications & Power Industries Inc., according to a person familiar with the deal.
The debt is split between a five-year, $30 million revolving line of credit and a six-year, $150 million term loan, said the person, who declined to be identified because the terms are private. UBS AG is arranging the financing, and KKR Capital Markets will be syndication agent, the person said.