Earthbound Farm $185 million credit facility structure revealed

By Sara Rosenberg

New York, Oct. 16 - Details on the structure of Earthbound Farm's in-market $185 million credit facility surfaced, according to a market source.

The deal is comprised of a $35 million revolver and a $150 million term loan A, the source said.

RBC Capital Markets is the lead bank on the facility that was already launched to investors last week.

Proceeds will be used to fund the leveraged buyout of the San Juan Bautista, Calif.-based organic produce company by Lindsey Goldberg.

Senior leverage is 2.6 times and total leverage is 3.6 times.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.