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Windsor Quality Food reveals price talk on $450 million facility
By Sara Rosenberg
New York, Jan. 13 - Windsor Quality Food Co. disclosed price talk on its $450 million senior secured credit facility (B1/BB-) in connection with its Thursday bank meeting, according to a market source.
The $60 million revolver and the $140 million term loan A are both being talked at Libor plus 350 basis points, and the $250 million term loan B is being talked at Libor plus 400 bps with a 1.5% Libor floor and an original issue discount of 99, the source said.
JPMorgan is the lead bank on the deal.
Proceeds will be used to fund an acquisition and refinance existing debt.
Windsor is a Houston-based frozen prepared foods company.
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