Captain D's $270 million term loan "B" broke at 101 1/4 in the secondary market. JPMorgan and Credit Suisse lead the deal, which also includes a $60 million revolver. The term loan is priced at LIBOR plus 2 1/2%. The financing backs the parent company Sagittarius Brands' acquisition of Del Taco, a Mexican fast food chain (CIN, 3/3). Officials at Captain D's did not return calls seeking comment.
Captain D's Term Loan Breaks Above Par