Deutsche Bank has set pricing and a bank meeting for the $70 million add-on credit for Merisant, the tabletop sweetener company, whose consumer products include Equal and Canderel. The "B" term loan will have an out-of-the-box spread of LIBOR plus 31/ 4% and the fees will be revealed at the bank meeting tomorrow. The financing is aimed at paying down subordinated debt incurred in the leveraged buyout of Merisant by Pegasus Capital Advisors in March 2000. The business was purchased from Monsanto, which had decided to concentrate on its pharmaceutical and agricultural products businesses.
Deutsche Bank Stirs In Merisant Deal