Cooke readies launch of $480 million term loan for Monday

By Sara Rosenberg

New York, July 30 – Cooke Inc. is set to hold a lender call on Monday to launch a $480 million term loan, according to a market source.

BofA Securities Inc. and DNB are the leads on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used with $580 million of unsecured notes to refinance existing debt.

Cooke is a New Brunswick-based seafood producer.

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