Stater Bros. gets $100 million amended, restated unsecured revolver

By Sara Rosenberg

New York, May 10 - Stater Bros. Markets closed on a $100 million amended and restated three-year unsecured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Bank of America acted as the initial lender and agent on the deal that was completed on May 4.

Pricing on the revolver is Libor plus 175 basis points with a 25 bps commitment fee.

Proceeds were used to refinance an existing credit facility and will be available for working capital, certain capital expenditures and other general corporate purposes.

Stater Bros. is a San Bernardino, Calif., supermarket chain.

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