Cliffstar $125 million credit facility via Wachovia

By Sara Rosenberg

New York, Sept. 16 - Cliffstar Corp. held a bank meeting this past Monday for a new $125 million credit facility, according to a syndicate release. Wachovia is the lead bank on the deal.

The facility consists of a $100 million five-year revolver with an interest rate of Libor plus 225 basis points and a $25 million term loan A with an interest rate of Libor plus 225 basis points.

Proceeds will be use to refinance existing debt.

Cliffstar is a Dunkirk, N.Y. producer of shelf-stable private-label fruit juice.

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