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Yesway finalizes $410 million term loan B at Libor plus 375 bps
By Sara Rosenberg
New York, March 17 – Yesway (BW Gas & Convenience Holdings LLC) firmed pricing on its $410 million seven-year term loan B (B1/B+) at Libor plus 375 basis points, the low end of the Libor plus 375 bps to 400 bps talk, according to a market source.
The term loan still has a 0.5% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to refinance existing debt.
Yesway is a Fort Worth, Tex.-based convenience stores operator.
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