CPM Acquisition to launch $381.8 million credit facilities Wednesday

By Sara Rosenberg

New York, Feb. 13 – CPM Acquisition Corp. is scheduled to hold a lender call at 10:30 a.m. ET on Wednesday to launch $381.8 million of credit facilities, according to a market source.

BMO Capital Markets Corp. is the lead arranger on the deal.

The facilities consist of a $20 million revolver due April 2020 and a $361.8 million covenant-light first-lien term loan due April 2022, the source said.

Proceeds will be used to reprice existing bank debt.

Commitments are due at noon ET on Feb. 22, the source added.

CPM is a supplier of process equipment used for oilseed processing and animal feed production.

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