Ferrara Candy to launch $500 million first-lien term loan on Tuesday

By Sara Rosenberg

New York, May 26 – Ferrara Candy Co. Holdings Inc. will hold a bank meeting at noon ET on Tuesday to launch a $500 million senior secured first-lien term loan, according to a market source.

Morgan Stanley Senior Funding Inc. is the sole lead arranger on the deal.

Proceeds will be used to refinance existing debt and to pay a dividend to existing shareholders.

Ferrara Candy is an Oakbrook Terrace, Ill.-based confectionery and candy manufacturer.

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