Fogo de Chao lifts loan to $207 million, firms at Libor plus 475 bps

By Sara Rosenberg

New York, Aug. 16 - Fogo de Chao (Brasa Holdings Inc.) upsized its first-lien term loan due July 2019 to $207 million from $182 million and finalized pricing at Libor plus 475 basis points, the tight end of the Libor plus 475 bps to 500 bps talk, according to a market source.

As before, the loan has a 1% Libor floor and an original issue discount of 993/4.

J.P. Morgan Securities LLC is the lead bank on the deal.

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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