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Euro Ethnic Foods to launch €465 million term loan B on Friday
By Sara Rosenberg
New York, Jan. 13 – Euro Ethnic Foods Bidco is scheduled to hold a lender call at 5 a.m. ET on Friday to launch a €465 million seven-year term loan B, according to a market source.
Credit Suisse, UBS and Credit Agricole are the physical bookrunners on the deal. Bank of America, Banque Populaire, Deutsche Bank and Goldman Sachs are joint bookrunners.
Expected term loan ratings are B1/B.
Commitments are due at noon ET on Jan. 28, the source added.
Proceeds will be used to help fund the acquisition of a 60% interest in the company by PAI Partners. The company’s founders Léo and Patrick Bahadourian will own the remaining 40% of the business.
Euro Ethnic Foods is a French specialty food retailer.
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