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$LCI said it reached an agreement with an existing lender to raise an incremental $150MM Term Loan B, and is also seeking to amend certain sections of its existing credit agreement. $LCI said it intends to use the proceeds of the incremental Term Loan B and cash on hand to repurchase the remaining $200MM of the 12% senior notes due in 2023.
$TWTR mentions Snap as one of its fiercest rivals in its 10K filing. Great head start for Snap ahead of IPO!