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High Liner Foods reprices term loan to Libor plus 350 bps, 1.25% floor
Bys Sara Rosenberg
New York, Feb. 11 - High Liner Foods Inc. repriced its term loan due December 2017 to Libor plus 350 basis points with a 1.25% Libor floor from Libor plus 550 bps with a 1.5% Libor floor, according to a market source.
The repriced loan was sold at an original issue discount of 99½ and has 101 soft call protection for one year, the source said.
RBC Capital Markets led the deal.
High Liner is a Lunenburg, N.S.-based processor and marketer of frozen seafoods and pasta.
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