Green Mountain gets $225 million amended and restated revolver

By Sara Rosenberg

New York, Dec. 4 - Green Mountain Coffee Roasters, Inc. closed on a $225 million amended and restated revolving credit facility due Dec. 3, 2012, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

Bank of America acted as the lead arranger, bookrunner and administrative agent on the deal that was completed on Dec. 3.

Pricing on the revolver cannot exceed Libor plus 175 basis points.

There is a $50 million accordion feature.

The new facility replaces the company's previous $125 million revolver due June 15, 2011.

Green Mountain is a Waterbury, Vt.-based roaster, distributor and seller of coffee products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.