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Sprouts Farmers Market Seeks $310M Loan
Sprouts Farmers Market is seeking a $310 million term loan.
Sprouts Farmers Market is seeking a $310 million term loan, Bloomberg reports. The credit facility is due in March 2018 and the proceeds will be used to fund Sprouts’ acquisition of Henry’s Farmers Market and to refinance existing debt.
The lead arranger of the financing is Jefferies Group. The Arizona-based chain of specialty grocery stores is also planning to secure a $60 million revolving line of credit that matures in March 2016.
Click here for the story from Bloomberg.