Merisant Company ("Merisant or the "Company) announced today that Credit Suisse Securities (USA) LLC has commenced the marketing of an $85 million tack-on to the Term Loan B facility under the Company's existing Senior Credit Agreement. The proceeds of this financing will be used to prepay all outstanding obligations under Merisant's existing Second Lien Credit Agreement. The Company plans to amend and restate the existing Senior Credit Agreement as part of the transaction. The Company will seek amendments to the Senior Credit Agreement that will provide more flexibility to continue to stabilize and then grow its business and to strengthen its balance sheet. Credit Suisse Securities (USA) LLC will act as the sole lead arranger and bookrunner for the contemplated transaction.
Merisant is a worldwide leader in the marketing of low-calorie tabletop sweeteners. In addition to Equal® and Canderel®, Merisant markets its products under approximately 18 other regional brands and sells its brands in over 90 countries.
Web site: www.merisant.com or www.equal.com
