Reddy Ice to hold conference call Friday for $45 million term loan B

By Sara Rosenberg

New York, Oct. 2 - Reddy Ice Group Inc. is scheduled to hold a conference call for a $45 million term loan B on Friday, according to a syndicate report. Credit Suisse First Boston is the lead arranger and co-syndication agent, CIBC is the administrative agent and Bear Stearns is the co-syndication agent.

The five-year tranche is priced with an interest rate of Libor plus 300 basis points and will be used for acquisition financing.

On Wednesday, Reddy Ice announced that it signed a letter of intent to purchase the stock of Triangle Ice Co. Inc. The transaction is expected to close by the end of October.

Reddy Ice is a Dallas packager and maker of ice.

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