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News Mar 13, 2019

CTI Foods Holding’s $80 Million DIP Revolving Credit Facility

Shearman & Sterling advised Barclays Bank PLC, as administrative agent, on an $80 million senior secured superpriority debtor-in-possession ABL revolving credit facility for CTI Foods Holding to finance repayment of obligations under pre-petition documents, general corporate purposes and bankruptcy-related expenses.

Headquartered in Wilder, Idaho, CTI Foods processes and supplies meat and other food products to the quick service restaurant industry.

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