Krispy Kreme to launch $160 million credit facility Thursday

By Sara Rosenberg

New York, Jan. 23 - Krispy Kreme Doughnuts, Inc. is scheduled to hold a bank meeting on Thursday to launch its proposed $160 million credit facility, according to a market source.

Credit Suisse is the lead bank on the deal.

The facility consists of a $50 million revolver and a $110 million first-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Krispy Kreme is a Winston-Salem, N.C.-based branded specialty retailer of doughnuts.

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