ASG Consolidated plans new credit facility for refinancing debt

By Sara Rosenberg

New York, April 20 - ASG Consolidated LLC is planning a new credit facility (Ba3) to refinance existing debt, according to a market source.

Bank of America is the lead bank on the deal.

On Tuesday, the company commenced a cash tender offer for any and all of its 11½% senior discount notes due 2011.

The tender offer will expire on May 17.

ASG Consolidated is a Seattle-based harvester, processor, preparer and supplier of seafood.

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