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Monogram Food to launch $435 million term loan B on Tuesday
By Sara Rosenberg
New York, Aug. 2 – Monogram Food Solutions LLC is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $435 million seven-year term loan B (B), according to a market source.
JPMorgan Chase Bank is the lead on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Aug. 12.
Proceeds will be used to help fund the buyout of the company by PPC Investment Partners LP.
Monogram Food is a Memphis, Tenn.-based food manufacturer.
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