Nash Finch B loan talked at Libor plus 225 bps, revolver talked at Libor plus 175 bps

By Sara Rosenberg

New York, Oct. 19 - Nash Finch Co.'s in-market $200 million term loan B is talked at Libor plus 225 basis points and the in-market $100 million revolving credit facility is talked at Libor plus 175 basis points, a company spokesperson told Prospect News Tuesday.

The $300 million senior secured credit facility (B+) launched via lead bank Deutsche Bank on Monday.

Proceeds will be used by the Minneapolis food distributor to refinance its senior secured credit facility due 2005 and to redeem $165 million of its 8½% senior subordinated notes due 2008.

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