Ralcorp to use revolver to help fund acquisition

By Ted A. Knutson

Washington, June 13 - Ralcorp Holdings said it will tap its $150 million revolving credit facility as the primary means of financing its announced acquisition of Medallion Foods Inc, a private-label snack foods maker.

The purchase price was not disclosed.

Ralcorp entered into the five-year floating-rate revolver Oct. 15 with JPMorgan Chase Bank; Wachovia Bank NA; U.S. Bank NA; PNC Bank NA; Suntrust Bank; Co Bank, ACB; Commerce Bank NA; and Harris Trust and Savings Bank.

St. Louis-based Ralcorp produces a wide range of store-brand foods for grocers.

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