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FOCS - Focus Financial launches new credit facility to refinance Term Loan Revolver
Focus Financial Partners Inc.
Focus Financial Partners ( NASDAQ: FOCS ) has announced that it is launching a new credit facility to refinance its existing First Lien Term Loan and Revolver due in 2024 .
Focus may also raise additional debt capital for general corporate purposes.
Focus expects to close this transaction in the fourth quarter of 2022 and reaffirms its 3.5x to 4.5x net leverage ratio target.