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Jack in the Box $300 million loan to launch Tuesday
By Sara Rosenberg
New York, Jan. 6 - Jack in the Box Inc. is scheduled to hold a lender meeting for a new $300 million credit facility on Tuesday, according to market sources. Wachovia is the lead bank on the deal.
The loan consists of a $125 million 41/2-year term loan with an interest rate of Libor plus 350 basis points and a $175 million three-year revolver with an interest rate of Libor plus 250 basis points, sources said.
Jack in the Box is a San Diego operator and franchiser of hamburger restaurants.
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