World Kitchen seeks $290 million credit facility for refinancing

By Sara Rosenberg

New York, Nov. 29 - World Kitchen LLC is in market with a $290 million credit facility that consists of a $90 million five-year revolver and a $200 million six-year term loan B, according to a source.

The term loan B is talked at Libor plus 425 basis points to 450 bps with a 1.25% Libor floor and an original issue discount of 99, the source said.

BMO Capital Markets is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

World Kitchen is a Rosemont, Ill.-based manufacturer and marketer of bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products.

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