Milk Specialties Refinances with $315M
Royal Bank of Canada and BNP Paribas provided the financing
Milk Specialties Co. has refinanced its first and second lien facilities with help from the Royal Bank of Canada and BNP Paribas.
The lenders issued a $250 million term loan, a $30 million delayed draw term loan and a $35 million revolving credit facility to the company. Milk Specialties, headquartered in Eden Prairie, Minn., develops milk protein and whey-based products for the sport nutrition and healthy lifestyle industries.
Michael Baker from Paul Hastings LLP represented the lenders on the transaction.
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