Renfro to launch $55 million term loan, amend and extend on Tuesday

By Sara Rosenberg

New York, Nov. 24 - Renfro Corp. is set to launch a new $55 million six-year term loan on Tuesday, as well as an amendment and extension of its existing term loan B, according to a market source.

The company is looking to push out the maturity on about $108.5 million of its existing B loan to 2016.

JPMorgan is the lead bank on the deal.

Proceeds from the incremental term loan will be used to fund an acquisition.

Renfro is a Mount Airy, N.C.-based manufacturer of socks.

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