Windsor Foods to launch $450 million credit facility on Dec. 3

By Sara Rosenberg

New York, Nov. 25 - Windsor Foods is set to hold a bank meeting on Dec. 3 to launch a $450 million credit facility, according to a market source.

BMO Capital Markets, Bank of America Merrill Lynch and J.P. Morgan Securities LLC are the lead banks on the deal.

The facility consists of a $100 million ABL revolver and a $350 million covenant-light term loan B, the source said.

Proceeds will be used to refinance existing debt.

Windsor is a Houston-based manufacturer of frozen foods, primarily sold to the food service segment and also marketed to industrial accounts, national restaurant chains and retailers.

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