Banks Tweak $1.1 Billion Potato-Chip Loan as Snack Tastes Shift
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A group of lenders sweetened the terms on a $1.1 billion financing to fund Intersnack Group GmbH & Co.’s acquisition of a stake in potato-chip producer Utz Brands Inc.
This marks the first US leveraged loan to increase borrowing costs during syndication in several weeks.
Intersnack GroupUtz Brands
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“A group of lenders sweetened the terms on a $1.1 billion financing to fund Intersnack Group GmbH & Co.’s acquisition of a stake in potato-chip producer Utz Brands Inc.”
Bloomberg — Banks Tweak $1.1 Billion Potato-Chip Loan as Snack Tastes Shift