Wynnewood Refining seeks $150 million term loan via Deutsche Bank

By Paul A. Harris

St. Louis, July 22 - Wynnewood Refining Co., a wholly owned subsidiary of Gary-Williams Energy Corp., is in the bank loan market with a $150 million term loan, according to an informed source.

Deutsche Bank is leading the deal.

Timing remains to be determined.

Guidance is for a coupon in the Libor plus 600 bps area to price at an original issue discount of 90.00, with a 3% Libor floor.

The company is also doing a $150 million asset-based revolver.

Proceeds will be used to refinance debt.

The company is based in Wynnewood, Okla.

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