Lyons Magnus to launch $190 million first-lien term loan on Oct. 26

By Sara Rosenberg

New York, Oct. 19 – Lyons Magnus Inc. is scheduled to hold a bank meeting at 10:30 a.m. ET in New York on Oct. 26 to launch a $190 million seven-year first-lien term loan, according to a market source.

RBC Capital Markets and Bank of Ireland are the joint lead arrangers on the deal.

Proceeds will be used to help fund the buyout of the company by Paine Schwartz Partners.

Lyons Magnus is a Fresno, Calif.-based food and beverage manufacturing company.

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