Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Roundy's Supermarkets, Inc. > News item |
Roundy's launches $460 million term loan at Libor plus 400-425 bps
By Sara Rosenberg
New York, Feb. 3 - Roundy's Supermarkets Inc. launched on Monday its $460 million seven-year first-lien covenant-light tem loan (B1/B) with price talk of Libor plus 400 basis points to 425 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.
The term loan has 101 soft call protection for six months.
Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Bank of America Merrill Lynch and BMO Capital Markets are the lead banks on the deal.
Proceeds will be used to refinance an existing loan.
Commitments are due on Feb. 12.
Roundy's is a Milwaukee-based supermarket chain.
© 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.