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Hearthside to launch $50 million add-on, term B repricing on Wednesday
By Sara Rosenberg
New York, Jan. 3 – Hearthside Group Holdings LLC is scheduled to hold a lender call on Wednesday to launch a fungible $50 million add-on term loan and a repricing of its $552.3 million term loan B due June 2, 2021, according to a market source.
Barclays and Goldman Sachs Bank USA are the bookrunners on the deal.
Proceeds from the add-on term loan will be used to repay revolver borrowings and to pay related fees and expenses.
Hearthside is a Downers Grove, Ill.-based manufacturer of grain based food and snack products.
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