Imperial Sugar amends revolver, extending tenor, lowering pricing

By Sara Rosenberg

New York, July 31 - Imperial Sugar Co. amended its $100 million senior secured revolving credit facility to extend the maturity to Dec. 31, 2011 from December 2008 and reduce pricing, according to a 10-Q filed with the Securities and Exchange Commission Tuesday.

Pricing on the revolver can now range from Libor plus 100 to 175 basis points, depending on average total liquidity.

Bank of America is the administrative agent on the deal.

The amendment was completed on July 30.

Imperial Sugar is a Sugar Land, Texas-based processor and marketer of refined sugar.

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