Northeast Grocery to launch $550 million term loan B on Friday

By Sara Rosenberg

New York, Nov. 16 – Northeast Grocery Inc. is scheduled to hold a lender call at 11:30 a.m. ET on Friday to launch a $550 million five-year term loan B, according to a market source.

Deutsche Bank Securities Inc., UBS Investment Bank and BofA Securities Inc. are the bookrunners on the deal.

Commitments are due at noon ET on Dec. 4, the source added.

Proceeds will be used to refinance existing debt.

Northeast Grocery is a Schenectady, N.Y.-based traditional food retailer.

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