Winebow Group to launch $360 million of term loans on Tuesday

By Sara Rosenberg

New York, June 13 – The Winebow Group LLC is set to hold a bank meeting on Tuesday to launch $360 million of new term loans, according to sources.

Bank of America Merrill Lynch is the lead bank on the deal.

The debt consists of a $130 million seven-year first-lien covenant-light term loan and a $130 million 7½-year second-lien covenant-light term loan, sources said.

Proceeds will be used to refinance existing debt and fund a dividend.

Winebow Group, a fine wine and craft spirits company, is being created through the merger of Winebow Inc. and the Vintner Group Inc.

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