Jacobs Douwe talks $772 million term loan B at Libor plus 200-225 bps

By Sara Rosenberg

New York, Oct. 4 – Jacobs Douwe Egberts launched on Thursday its $772 million seven-year term loan B with price talk of Libor plus 200 basis points to 225 bps with a 0% Libor floor and an original issue discount of 99.75, according to a market source.

The company is also seeking a €401 million seven-year term loan B that is talked at Euribor plus 200 bps with a 0.5% to 0.75% floor and a discount of 99.75, the source said.

J.P. Morgan Securities LLC is the lead bank on the deal.

Commitments are due on Oct. 18, the source added.

Proceeds will be used to amend and extend existing credit facilities.

Jacobs Douwe is a Netherlands-based coffee company.

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