A Goldman Sachs-led arranger group has scheduled a lender call for 1 p.m. ET on Sept. 24 to launch a $250 million add-on first-lien term loan for RBmedia that will be used to fund a dividend to shareholders, according to sources. Additional details of the financing are not yet available.

KKR Capital Markets, Morgan Stanley and Truist Securities are joint lead arrangers on the deal.

The issuer was last in the market in February when it placed a $350 million fungible add-on term loan B and a simultaneous repricing of the existing $331 million covenant-lite tranche to L+425 with a 0% Libor floor and with a 25-basis-point step-down to L+400 based on first-lien net leverage. Proceeds from the add-on were used to finance an acquisition.

KKR-backed RBMedia, based in Landover, Md., is a producer of digital audiobook and related spoken-word content. Current corporate ratings are B-/B3, with stable outlooks.