Reyes seeks $650 million credit facility via Bank of America

By Sara Rosenberg

New York, Jan. 18 - Reyes Holdings LLC is seeking a new $650 million credit facility, according to a market source. Bank of America is the lead bank on the deal.

The facility consists of a $550 million revolving credit facility and a $100 million term loan A, both talked at Libor plus 225 basis points, the source said.

Proceeds would be used to help fund the acquisition of Reinhart FoodService Inc., a La Crosse, Wis.-based broadline foodservice distributor.

Reyes is a Rosemont, Ill., distributor of beer and food products.

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