Coffeyville $200 million credit facility to launch Friday

By Sara Rosenberg

New York, April 15 - Coffeyville is scheduled to hold a conference call on Friday to launch a proposed $200 million credit facility, according to a syndicate document. Credit Suisse First Boston is the sole lead arranger and sole bookrunner on the deal.

The facility consists of a $75 million five-year revolver with an interest rate of Libor plus 300 basis points and a commitment fee of 75 basis points, and a $125 million six-year term loan with pricing still to be determined, according to the document.

Proceeds will be used to refinance existing debt.

Coffeyville is a Coffeyville, Kan., fertilizer plant and refinery.

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