More Banks Sign On To Winn-Dixie
Merrill Lynch and First Union filled out other agents roles this week for the $800 million credit it launched last month for Jacksonville, Fla.-based Winn-Dixie Stores, Inc. Harris Bank and FleetBoston have signed on as documentation agents and SunTrust and CoBank as managing agents.
Pricing on the credit reportedly opened at LIBOR plus 2 3/4% on the $400 million pro rata tranche comprised of a 364-day and a five-year piece and LIBOR plus 3 1/4% on the six-year term loan piece. Winn-Dixie is also expected to follow the credit with a $300 million bond offering.
Winn-Dixie is a chain of retail food stores. The company reported sales of $6.8 billion for the 28-week period ending in January.