Mastronardi firms $445 million term loan B at Libor plus 275 bps

By Sara Rosenberg

New York, Feb. 12 – Mastronardi Produce finalized pricing on its $445 million term loan B at Libor plus 275 basis points, the low end of the Libor plus 275 bps to 300 bps talk, according to a market source.

The term loan B still has a 0% Libor floor and a par issue price.

BofA Securities Inc. is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan B.

Mastronardi is a grower and distributor of greenhouse-grown produce to retailers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.