Golden West Food completes $400 million two-part refinancing

By Wendy Van Sickle

Columbus, Ohio, May 4 – Golden West Food Group Inc. completed a $400 million refinancing on Wednesday that comprised a $355 million revolving credit facility and a $45 million term loan, according to a news release.

There is also a $75 million accordion, which positions the company to expand into new markets and to capitalize on long-term growth opportunities.

J.P. Morgan and Wells Fargo Bank were the joint lead arrangers, with J.P. Morgan as administrative agent.

Golden West Food is a Vernon, Calif.-based food solution provider offering a range of services, from custom food manufacturing to production, packaging, distribution and marketing.

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