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.

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