Fogo de Chao to launch $550 million term loan B on Monday

By Sara Rosenberg

New York, Sept. 8 – Fogo de Chao (BCPE Grill Parent Inc.) is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $550 million seven-year covenant-lite term loan B, according to a market source.

Deutsche Bank Securities Inc., Jefferies LLC and UBS Investment Bank are the bookrunners on the deal. Deutsche Bank is the administrative agent.

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

Commitments are due at noon ET on Sept. 22, the source added.

Proceeds will be used to help fund the buyout of the company by Bain Capital Private Equity from Rhone Capital.

Closing is expected this month, subject to customary conditions, including regulatory approvals.

Fogo de Chao is a Dallas-based restaurant chain focused on fire-roasting high-quality meats.

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