Merisant completes $95 million credit facility for refinancing

By Sara Rosenberg

New York, Jan. 22 - Merisant Co. closed on a new $95 million credit facility that was used to refinance existing bank debt, according to a news release.

The facility consists of a $25 million revolver and a $70 million secured loan.

The lender group includes Bank of America and Wells Fargo, who were co-leads on the deal, and BMO Harris. The facility was not syndicated.

Through the refinancing, the company lowered borrowing costs and gained liquidity.

Merisant is a producer of low-calorie tabletop sweeteners.

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