Fairway Market to launch $115 million credit facility on Thursday

By Sara Rosenberg

New York, Nov. 17 - Fairway Market LLC is scheduled to hold a bank meeting on Thursday to launch its proposed $115 million credit facility, according to a market source.

Credit Suisse and Jefferies are the lead banks on the deal, with Credit Suisse the left lead.

The facility consists of a $15 million 41/2-year revolver and a $100 million five-year term loan, the source said.

Proceeds will be used to refinance existing debt and for expansion capital.

Fairway is a supermarket chain with locations in New York and New Jersey.

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