Roundy's to get new credit facility via Bear Stearns, Goldman

By Sara Rosenberg

New York, Sept. 28 - Roundy's Supermarkets Inc. plans to come to market with a new credit facility led by Bear Stearns and Goldman Sachs, with Bear acting as the left lead, a company spokesman told Prospect News on Wednesday.

The facility will include a new secured term loan and a revolver.

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.

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