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Tacala sets launch of $480 million credit facilities for Jan. 18
By Sara Rosenberg
New York, Jan. 2 – Tacala Cos. is scheduled to hold a bank meeting on Jan. 18 to launch $480 million of credit facilities, according to a market source.
KKR Capital Markets and Wells Fargo Securities LLC are the leads on the deal.
The facilities consist of a $30 million revolver, a $335 million first-lien term loan and a $115 million second-lien term loan, the source said.
Proceeds will be used to refinance existing debt and fund a dividend.
Tacala is a Vestavia Hills, Ala.-based franchise operator of Taco Bell restaurants.
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