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Prospect News home > News index > List of issuers C > Headlines for C.H. Guenther & Son Inc. > News item |
C.H. Guenther to launch $655 million first-lien term loan Wednesday
By Sara Rosenberg
New York, March 6 – C.H. Guenther & Son Inc. (CHG PPC Parent LLC) will hold a bank meeting on Wednesday to launch a $655 million first-lien term loan (B2/B), according to a market source.
JP Morgan Chase Bank is the lead on the deal.
Price talk on the first-lien term loan is Libor plus 300 basis points to 325 bps with a 0% Libor floor and an original issue discount of 99.5, the source said.
The term loan has 101 soft call protection for six months.
Proceeds will be used to help fund the buyout of the company by PPC Partners.
Commitments are due on March 22, the source added.
C.H. Guenther is a San Antonio, Texas-based producer of grain-based and seasoning products.
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