Monogram Food sets $435 million term loan B at Libor plus 400 bps

By Sara Rosenberg

New York, Aug. 13 – Monogram Food Solutions LLC firmed pricing on its $435 million seven-year term loan B (B2/B) at Libor plus 400 basis points, the low end of the Libor plus 400 bps to 425 bps talk, according to a market source.

The term loan still has a 0.5% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

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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