Ralcorp enters into $250 million term loan with Goldman Sachs Bank

By Jennifer Chiou

New York, Sept. 5 - Ralcorp Holdings, Inc. entered into on Aug. 30 a $250 million credit facility with Goldman Sachs Bank USA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Goldman Sachs Bank and Barclays Bank plc acted as joint lead arrangers and joint bookrunners.

The filing stated that a $250 million term loan was advanced to Ralcorp on Aug. 30, and that term loan will be repaid no later than Nov. 29, 2012.

Borrowings bear interest at adjusted Libor plus 150 basis points to 200 bps, depending on debt ratings.

Proceeds are slated for general corporate purposes, and the new credit facility was established in anticipation of the possible monetization of the company's remaining shares of Post Holdings, Inc.

Ralcorp is a St. Louis-based manufacturer of private-brand food products and other regional and value-brand food products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.