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Smart & Final to launch $525 million term loan repricing on Friday
By Sara Rosenberg
New York, Feb. 7 - Smart & Final Holdings Corp. will hold a call at 1 p.m. ET on Friday to launch a repricing of its $525 million first-lien term loan, according to a market source.
Current pricing on the loan is Libor plus 450 basis points with a 1.25% Libor floor.
Morgan Stanley Senior Funding Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the lead banks on the deal.
Smart & Final is a Commerce, Calif.-based warehouse-style, no membership fee, multi-format retailer serving households and smaller businesses.
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