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Del Frisco’s launches $292 million term B at Libor plus 475-500 bps
By Sara Rosenberg
New York, Aug. 6 – Del Frisco’s Restaurant Group Inc. launched on Monday its $292 million term loan B with price talk of Libor plus 475 basis points to 500 bps with a 0% Libor floor and an original issue discount of 99, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
J.P. Morgan Securities LLC and Citizens Bank are the leads on the deal.
Commitments are due at noon ET on Aug. 16.
Proceeds will be used to refinance debt used for the recent acquisition of Barteca Restaurant Group, a Norwalk, Conn.-based restaurant company.
Del Frisco’s is an Irving, Texas-based restaurant company.
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