P.F. Chang's seeks $305 million term loan at Libor plus 325 bps

By Sara Rosenberg

New York, Dec. 12 - P.F. Chang's China Bistro Inc. (Wok Acquisition Corp.) is in market with a repricing of its $305 million term loan B to Libor plus 325 basis points with a 1% Libor floor from Libor plus 400 bps with a 1.25% Libor floor, according to a market source.

The repriced loan has 101 soft call protection for six months, the source said.

Wells Fargo Securities LLC is the lead bank on the deal that launched with a call on Wednesday.

P.F. Chang's is a Scottsdale, Ariz.-based owner and operator of two restaurant concepts in the Asian niche.

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