Investcorp’s CCC Information Seeks $400 Million Loan
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CCC Information Services Inc., the claims information and processing services provider owned by Investcorp Bank BSC, is seeking $400 million in loans to refinance debt, according to two people familiar with the negotiations.
JPMorgan Chase & Co. is arranging a $350 million term loan B maturing in 5 years and a $50 million revolving credit line due in 4.5 years, said the people, who declined to be identified because the terms are private. The bank will host a lender meeting Dec. 1 at 10:30 a.m. in New York.