... And Launches Golden State Refi

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... And Launches Golden State Refi

SunTrust also came to market last week with a $195 million facility for Golden State Foods.

SunTrust also came to market last week with a $195 million facility for Golden State Foods. The facility is backing minority shareholder Wetterau Associates' buyout of the stake of majority shareholder Yucaipa. The facility comprises a $30 million revolver, $30 million "A" loan and $135 million "B" loan. The revolver and "A" loan are due in five years, while the "B" piece matures in seven years. Wetterau Associates is CEO Mark Watterau's family-owned management company. Golden State is McDonald's Corp.'s largest full-line supplier. A Golden State spokeswoman declined comment.

 

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