Deutsche Bank is leading a $440 million facility for Sturm Foods and is also arranging a $205 million loan for Alabama Metal Industries Corp. (AMICO) with Merrill Lynch. The Sturm debt consists of a $20 million revolver, a $220 million term loan, a $125 million term loan "B" and a $75 million second lien. Pricing could not be determined. Syndication is set to launch May 5. Based in Manawa, Wis., Sturm is a manufacturer and global supplier of various products to the food industry. Private equity group, Mason Wells, acquired the business in 1999. Calls to John Byrnes, executive managing director at Mason Wells, were not returned.
The AMICO facility consists of a $50 million asset-based loan and a $155 million second-lien. The deal is set to launch May 10. Based in Birmingham, Ala., AMICO manufactures industrial flooring and grating and other metal products. Robert Campbell, cfo, did not return calls.