TITLE

Banks Shop $790M TLB for Michael Foods, Prep Notes

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
June 2010
SOURCE
High Yield Report;6/21/2010, Vol. 21 Issue 25, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move by a bank consortium to market a 790 million U.S. dollar term loan B (TLB) to support the acquisition by private equity firm GS Capital Partners of egg products producer Michael Foods from Thomas H. Lee Partners . The consortium is composed of Bank of America Merrill Lynch, Goldman Sachs and Barclays. Standard & Poor's (S&P) gave a BB- rating to the new term loan as of June 21, 2010.
ACCESSION #
51642638

 

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