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Windsor Quality Food trims B loan pricing to Libor plus 350 bps
By Sara Rosenberg
New York, Feb. 4 - Windsor Quality Food Co. reduced pricing on its $250 million term loan B to Libor plus 350 basis points from Libor plus 400 bps and added 101 soft call protection for one year, according to a market source.
The 1.5% Libor floor and original issue discount of 99 were left unchanged.
The $450 million senior secured credit facility (B1/BB-) also includes a $60 million revolver and a $140 million term loan A.
JPMorgan, Bank of America and BMO are the lead banks on the deal.
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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