Monogram Food launches $435 million term B at Libor plus 400-425 bps

By Sara Rosenberg

New York, Aug. 3 – Monogram Food Solutions LLC launched on Tuesday its $435 million seven-year term loan B (B2/B) with price talk of Libor plus 400 basis points to 425 bps with a 0.5% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

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-based food manufacturer.

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