Kettle Cuisine wraps $16.6 million add-on first-lien term loan

By Sara Rosenberg

New York, April 24 – Kettle Cuisine completed syndication of a $16.6 million add-on first-lien term loan that is priced at Libor plus 375 basis points with a 1% Libor floor and an original issue discount of 99.5, according to a market source.

BNP Paribas Securities Corp. is the lead bank on the deal.

Kettle Cuisine is a Lynn, Mass.-based manufacturer of soups, sauces, sides, entrees, sous vide meats, glace, demi-glace and broth concentrates for foodservice operators and grocery retailers.

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