Blue Buffalo launches $440 million credit facility repricing

By Sara Rosenberg

New York, Feb. 5 - Blue Buffalo Co. held a call on Tuesday afternoon to launch a repricing of its $440 million senior secured credit facility to Libor plus 375 basis points from Libor plus 525 bps, according to a market source.

The facility consists of a $40 million revolver due August 2017 and a $400 million term loan B due August 2019.

The B loan is talked with a 1% Libor floor, down from 1.25% currently, and includes 101 soft call protection through December 2013, the source said.

Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc. are the lead banks on the deal.

Commitments are due on Feb. 12, the source added.

Blue Buffalo is a Wilton, Conn.-based pet food company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.