Give & Go launches $50 million incremental term loan at 99.5 OID

By Sara Rosenberg

New York, Jan. 30 – Give & Go Prepared Foods Corp. launched on Monday its $50 million covenant-light incremental first-lien term loan (B1/B+) with original issue discount talk of 99.5, according to a market source.

The first-lien term loan is priced at Libor plus 550 basis points with a 1% Libor floor, and has 101 soft call protection through July 29, 2017.

Deutsche Bank Securities Inc. and Antares Capital are the bookrunners on the deal.

Proceeds will be used to fund the acquisition of Uncle Wally’s Bake Shoppe.

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

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