Fogo de Chao talks $205 million term loan at Libor plus 400 bps

By Sara Rosenberg

New York, March 19 - Fogo de Chao is talking its $205 million term loan due July 2019 at Libor plus 400 basis points with a 1% Libor floor and an offer price of 99¾ to par, according to a market source.

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

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

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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