Cases & Deals

Webster Bank arranges $134 million secured credit facility

Client(s) Webster Bank, N.A.

Jones Day represented Webster Bank, N.A. in connection with a $134 million credit facility consisting of a $109 million term loan facility and a $25 million revolving credit facility provided to a leading U.S. manufacturer of private label take-and-bake pizzas and flatbreads. The borrower will use the proceeds of the new credit facilities to refinance existing debt, effect a dividend, and for general corporate purposes.