Roundy's credit facility to launch Oct. 3 week

By Sara Rosenberg

New York, Sept. 30 - Roundy's Supermarkets Inc. will be holding a bank meeting some time during the Oct. 3 week to launch its proposed credit facility, according to a market source.

Bear Stearns and Goldman Sachs are the lead banks on the deal, with Bear the left lead.

The facility will include a new secured term loan and a revolving credit facility.

Proceeds from the facility and a proposed bond deal will be used to repay all existing bank debt, conduct a tender offer and consent solicitation for any and all of the company's outstanding 8 7/8% senior subordinated notes due 2012 and to fund a substantial dividend to the existing shareholder.

Roundy's is a Pewaukee, Wis., food retailer and wholesaler.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.