Monogram Food to launch $435 million term loan B on Tuesday

By Sara Rosenberg

New York, Aug. 2 – Monogram Food Solutions LLC is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $435 million seven-year term loan B (B), according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at 5 p.m. ET on Aug. 12.

Proceeds will be used to help fund the buyout of the company by PPC Investment Partners LP.

Monogram Food is a Memphis, Tenn.-based food manufacturer.

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