Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Land O'Lakes Inc. > News item |
Land O'Lakes seeks $400 million to $500 million revolving facility
By Sara Rosenberg
New York, Oct. 7 - Land O'Lakes Inc. is in market with a $400 million to $500 million revolving credit facility, according to a market source.
CoBank and Bank of America are the lead banks on the deal.
The revolver is talked at Libor plus 250 basis points.
Proceeds will be used to refinance existing debt.
Land O'Lakes is an Arden Hills, Minn.-based food and agricultural cooperative.
© 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.