Alex Lee secures $400 million five-year senior refinancing revolver

By Marisa Wong

Los Angeles, Aug. 23 – Alex Lee Inc. obtained a $400 million senior credit facility with First Citizens Bank as syndication agent, joint lead arranger and joint bookrunner.

The five-year revolving credit facility refinanced existing debt and increased the facility size to support the company’s continued business growth, according to a press release.

Alex Lee is a Hickory, N.C.-based company with a portfolio of wholesale food distribution and retail grocery store brands including Merchants Distributors, Souto Foods, Lowes Foods and W. Lee Flowers & Co.

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