Nash Finch to use existing bank debt to help fund acquisition of some Roundy's assets

By Sara Rosenberg

New York, Feb. 24 - Nash Finch Co. plans to use borrowings under its existing credit facility and a new debt or convertible debt financing to fund its acquisition of Roundy's Inc.'s wholesale food distribution divisions in Westville, Ind., and Lima, Ohio, and two retail stores in Ironton and Van Wert, Ohio, for about $225 million, according to a company news release.

The closing of the transaction is subject to customary conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and financing.

Nash Finch is a Minneapolis-based food distribution company.

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