Emerald Expositions closed a seven-year $565 million senior secured term loan and a $150 million senior secured revolver with Bank of America as administrative agent. The proceeds from the facility were used to refinance all existing loans.

“I am pleased with our first quarter results where we delivered total revenue growth of 6%, approximately half organic and half from acquisitions,” said David Loechner, president and CEO of Emerald. “We also added two leading shows to the portfolio in the first quarter and our thesis of acquiring shows from associations, as well as from independent owners, continues to be realized.”

According to a related 8-K filing, loans under the senior secured credit facilities bear interest at a rate equal to, at EEH’s option, either: (a) a base rate equal to the greatest of: (i) the administrative agent’s prime rate; (ii) the federal funds effective rate plus 50 basis points and (iii) one month LIBOR plus 1.00%; in each case plus 2.00%, or (b) LIBOR plus 3.00%

Emerald is the largest operator of business-to-business trade shows in the U.S. by net square footage.