Earthbound Farm reduces term loan A to $100 million

By Sara Rosenberg

New York, Nov. 17 - Earthbound Farm decreased the size of its term loan A to $100 million from $150 million, according to a market source.

The revolver was left unchanged at $35 million.

RBC Capital Markets is the lead bank on the now $135 million, down from $185 million, deal.

Proceeds will be used to fund the leveraged buyout of the San Juan Bautista, Calif.-based organic produce company by Lindsey Goldberg.

The term loan A downsizing was a result of a reduction in the purchase price and an increase in the amount of mezzanine debt being used for the transaction, the source said.

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