June 21 (Bloomberg) -- Diamond Foods Inc., the packaged foods company that is acquiring Procter & Gamble Co.’s Pringles chip operations, received commitments for $2.05 billion to fund the transaction.
Diamond’s financing package includes a $300 million five- year term loan A, up to $400 million in a five-year revolving line of credit and a $300 million one-year senior unsecured bridge facility, the San Francisco-based company said yesterday in a regulatory filing. Diamond may issue as much as $300 million of senior unsecured notes.
Pringles received commitments for a $375 million five-year term loan A and a $675 million seven-year term loan B, according to the filing. Bank of America Corp. is providing the financing.
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