Give & Go Prepared Foods to launch $375 million term loan on Thursday

By Sara Rosenberg

New York, June 21 – Give & Go Prepared Foods Corp. is scheduled to hold a bank meeting at 10 a.m. ET in New York on Thursday to launch a $375 million first-lien covenant-light term loan, according to a market source.

Deutsche Bank Securities Inc., Antares Capital, BMO Capital Markets and HSBC Securities (USA) Inc. are the bookrunners on the deal.

Proceeds will be used to help fund the buyout of the company by Thomas H. Lee Partners LP from OMERS Private Equity.

Closing is expected in the third quarter, subject to customary conditions.

Give & Go is a Toronto-based manufacturer of value-added baked goods.

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