Roundy’s Supermarkets Inc. is seeking $800 million in loans to refinance debt, according to a person with knowledge of the transaction.
Credit Suisse Group AG is arranging the financing for the Milwaukee company, said the person, who declined to be identified because the terms are private.
The financing will include a $675 million term loan B due in due in seven years and a $125 million revolving line of credit maturing in five years, said the person.
The proposed term loan will have covenants, the person said. Lenders are being offered one-year soft-call protection of 101 cents, meaning Roundy’s would have to pay 1 cent more than face value to refinance the debt during the first year, the person said.
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