Mastronardi Produce talks term loan B at Libor plus 275-300 bps

By Sara Rosenberg

New York, Feb. 4 – Mastronardi Produce launched a repricing of its term loan B at talk of Libor plus 275 basis points to 300 bps with a 0% Libor floor and a par issue price, according to a market source.

BofA Securities Inc. is the lead bank on the deal.

Mastronardi is a grower and distributor of greenhouse-grown produce to retailers.

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