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Trilliant Food to launch $250 million term loan B on Tuesday
By Sara Rosenberg
New York, Sept. 8 – Trilliant Food & Nutrition is scheduled to hold a lender meeting on Tuesday to launch a $250 million seven-year term loan B (B3/B-), according to a market source.
Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the lead arrangers on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due on Sept. 26, the source added.
Proceeds will be used to help fund acquisition costs.
Blackstone is making the equity investment.
The company also plans on getting an ABL revolver that will be used for working capital and other general corporate purposes.
Trilliant Food is a Little Chute, Wis.-based beverage company.
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