World Kitchen to launch $270 million credit facility on Wednesday

By Sara Rosenberg

New York, Feb. 12 - World Kitchen LLC will hold a bank meeting on Wednesday to launch a proposed $270 million credit facility, according to a market source.

BMO Capital Markets, SunTrust Robinson Humphrey Inc. and J.P. Morgan Securities LLC are the lead banks on the deal.

The facility consists of a $90 million revolver and a $180 million term loan, the source said.

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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