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Restaurant Technologies to launch $500 million facility on Wednesday
New York, Sept. 10 – Restaurant Technologies Inc. plans to launch a $500 million credit facility at a bank meeting scheduled for 1 p.m. on Wednesday, according to a market source.
The facility includes a $375 million first-lien term loan and a $125 million second-lien term loan.
Goldman Sachs is left lead arranger. RBC, Credit Suisse, KeyBank and Antares are also lead arrangers.
Proceeds will be used to help finance a leveraged buyout by Goldman Sachs Merchant Banking.
Restaurant Technologies is a Minneapolis-based provider of cooking oil management services to the foodservice industry.
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