Fogo de Chao talks $182 million term loan at Libor plus 475-500 bps

By Sara Rosenberg

New York, Aug. 6 - Fogo de Chao (Brasa Holdings Inc.) is talking its $182 million first-lien term loan due July 2019 at Libor plus 475 basis points to 500 bps with a 1% Libor floor and an original issue discount of 993/4, according to a market source.

The loan has 101 soft call protection for six months, the source said.

Commitments are due on Aug. 14.

J.P. Morgan Securities LLC is the lead bank on the deal that launched with a call on Monday.

Proceeds will be used to refinance existing debt.

Fogo de Chao is a Dallas-based steakhouse chain in the United States and Brazil.

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