Kettle Cuisine fully repays senior secured bank loan

Chicago, Jan. 10 – Kettle Cuisine fully repaid its senior secured first-lien term loan and its senior secured first-lien revolver, according to a press release from Moody’s Investors Service.

KC Culinarte Intermediate, LLC was the borrower. The borrowing entity was formed in 2018 through the merger of Kettle Cuisine and Bonewerks Culinarte, then it was acquired by affiliates of private equity firm Kainos Capital.

Nestle and L Catterton announced in November that they were forming a partnership to bring together Freshly and Kettle Cuisine. L Catterton will be the majority holder, and Nestle will hold a minority stake.

Moody’s was withdrawing its ratings in connection with the repayment.

Kettle Cuisine is a fresh prepared foods company.

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