Windsor Quality Food to launch $450 million credit facility Thursday

By Sara Rosenberg

New York, Jan. 11 - Windsor Quality Food Co. is scheduled to hold a bank meeting on Thursday to launch its proposed $450 million senior secured credit facility (B1), according to a market source.

JPMorgan is the lead bank on the deal.

The facility consists of a $60 million revolver, a $140 million term loan A and a $250 million term loan B, the source said.

Proceeds will be used to fund an acquisition and refinance existing debt.

Windsor is a Houston-based frozen prepared foods company.

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