Marsh Supermarkets gets $95 million revolver

By Sara Rosenberg

New York, Nov. 16 - Marsh Supermarkets LLC closed on a new $95 million five-year revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Bank of America and National City Business Credit acted as co-lead arrangers, with Bank of America as administrative agent, National City syndication agent and LaSalle Bank documentation agent.

The revolver has a $55 million accordion feature.

Borrowings will carry an initial interest rate of Libor plus 125 basis points.

At close, which occurred on Nov. 9, the company drew down about $51 million under the new revolver to repay existing loan debt.

Marsh is an Indianapolis-based grocery chain.

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