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31

ABB Optical Said to Revive Loan Backing New Mountain Dividend

By Tony Seruga

ABB Optical Group, a contact lens distributor, is reviving an effort to raise a loan that will fund a dividend for its private-equity owner and refinance debt, after a similar effort in October floundered.

Morgan Stanley, the bank arranging the financing has scheduled a meeting with potential lenders for Wednesday, according to a person familiar with the matter.

Proceeds will also refinance a $275 million term loan maturing in February 2019, said the person who asked not to be identified because the deal is private…

ABB Optical Said to Revive Loan Backing New Mountain Dividend

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