Chobani readies launch of $650 million term loan B for Thursday

By Sara Rosenberg

New York, Sept. 21 – Chobani, LLC is scheduled to hold a bank meeting on Thursday morning to launch a $650 million seven-year covenant-light term loan B, according to a market source.

Bank of America Merrill Lynch and J.P. Morgan Securities LLC are the lead banks on the deal.

Proceeds will be used to refinance existing debt.

Chobani is a Norwich, New York-based producer of Greek yogurt.

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