INW | Innovations in Nutrition plans $490 million credit facilities

By Sara Rosenberg

New York, May 3 – INW | Innovations in Nutrition + Wellness plans on getting $490 million of credit facilities to support its buyout by Cornell Capital LLC from Rosewood Private Investments and acquisition of Bee Health, according to a market source.

The facilities consist of a $75 million ABL revolver, a $340 million first-lien term loan and a $75 million first-lien delayed-draw term loan, the source said.

UBS Investment Bank, KKR Capital Markets, Jefferies LLC and Citizens are the joint bookrunners on the deal.

INW is a Carrollton, Tex.-based provider of nutritional and wellness products. Bee Health is a U.K.-based nutritional supplement manufacturer.

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