Roundy's $150 million second-lien loan prices at Libor plus 800 bps

By Sara Rosenberg

New York, April 14 - Roundy's Supermarkets Inc.'s $150 million second-lien term loan (Caa1/CCC+) priced at Libor plus 800 basis points, down from initial talk of Libor plus 850 bps, according to a market source.

The 2% Libor floor and original issue discount of 98 were left unchanged.

Call protection on the loan is 102 in year one and 101 in year two, revised from 103 in year one, 102 in year two and 101 in year three.

Credit Suisse is the lead bank on the deal.

Proceeds will be used to fund a dividend payment.

Roundy's is a Milwaukee-based operator of retail grocery stores.

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