Credit Suisse First Boston and Scotia Capital are leading the refinancing of Weight Watchers International 's $500 million credit facility. The facility is comprised of a five-year, $250 million revolver and a six-year, $250 million "B" loan. Pricing on the facility has not been determined. The bank meeting is scheduled for tomorrow. Representatives from Weight Watchers declined comment.
CSFB and Scotia also launched syndication last week for a refinancing of Interline Brands ' $205 million credit facility. The five-year, $65 million revolver is priced at LIBOR plus 3 3 Ž 4 % while the six-year, $140 million "B" loan is priced at LIBOR plus 3 1 Ž 2 %. There is a 50 basis point commitment fee on the revolver. Interline Brands, a distributor of repair and maintenance products, is owned by General Motors Pension Fund , J.P. Morgan Partners , Parthenon Capital , Sterling Investment Partners and management. Calls to Interline officials were not returned by press time.