Burger King $1.15 billion credit facility to include $150 million revolver

By Sara Rosenberg

New York, June 17 - Burger King Corp.'s proposed $1.15 billion credit facility (Ba2/B+) will include a $150 million revolver in addition to the already reported $250 million six-year term loan A and $750 million seven-year term loan B, according to a market source.

Price talk on the three tranches is not available.

The deal is scheduled to launch Monday via a bank meeting.

JPMorgan and Citigroup are the lead banks on the deal, with JPMorgan the left lead.

The Miami-based fast food chain will use proceeds to refinance existing debt.

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