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Boca Resorts Closes on $325M Senior Credit Facility
BOCA RATON, FL-This consists of a term loan with $200 million in principal, which the company intends to use to redeem its outstanding 9 7/8% senior subordinated notes, and a revolving credit facility with $125 million in principal, which the company plans to use to replace its existing facility maturing in June 2005 as well as for general corporate purposes.
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