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Windsor Quality Food seeks $260 million credit facility
By Sara Rosenberg
New York, Oct. 26 - Windsor Quality Food Co. Ltd. is in market with a $260 million senior secured credit facility (Ba3/B+), according to a market source.
Bank of America is the lead bank on the deal.
The facility consists of a $100 million five-year revolver and a $160 million six-year term loan talked at Libor plus 175 basis points, the source said.
Proceeds will be used to refinance the company's previous credit facility and $85 million of 13¾% subordinated notes.
Windsor is a Houston-based frozen food manufacturer.
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