Bay State Milling refinances $240 million

by Jeff Gelski
Share This:
Search for similar articles by keyword: [Bay State Milling]

Bay State Milling grain elevators
Bay State Milling has refinanced $240 million from a 2013 transaction.

BOSTON — Bay State Milling Co., Quincy, Mass., has refinanced $240 million from a 2013 transaction. The new transaction includes a $150 million revolving line of credit, a $45 million term loan and a $45 million delayed draw term loan. Citizens Commercial Banking acted as joint lead arranger.

Peter Banat, Bay State Milling
Peter Banat, c.f.o. of Bay State Milling
“This transaction lowers our cost of capital, increases our flexibility and provides additional borrowing capacity for our strategic needs,” said Peter Banat, chief financial officer of Bay State Milling, a family-owned company and provider of plant-based ingredients. 
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.