American Seafoods wraps $62.5 million incremental first-lien loan

By Sara Rosenberg

New York, Aug. 10 – American Seafoods Group LLC recently completed syndication of a $62.5 million incremental first-lien term loan (B2), according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Pricing on the term loan is Libor plus 275 basis points with a 1% Libor floor.

Proceeds will be used to help repay an existing second-lien term loan.

American Seafoods is a Seattle-based harvester and processor of seafood.

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