Peet’s Coffee launches $300 million revolver at Libor plus 150 bps

By Sara Rosenberg

New York, Jan. 8 – Peet’s Coffee & Tea Inc. held a call on Thursday to launch a $300 million revolver that is talked at Libor plus 150 basis points, according to a market source.

Rabobank, Bank of America Merrill Lynch and Wells Fargo Securities LLC are the joint lead arrangers on the deal.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Peet’s Coffee is a specialty coffee and tea company.

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