NPC International Inc. is seeking $450 million in loans backing Olympus Partners’ buyout of the Pizza Hut franchisee from Bank of America Corp., according to a person with knowledge of the transaction.
Barclays Plc and Goldman Sachs Group Inc. are arranging the deal for the Overland Park, Kansas-based company, which will include a $375 million term loan and a $75 million revolving line of credit, said the person, who declined to be identified because the terms are private.
The banks will host a lender meeting on Nov. 29 in New York to discuss the financing, the person said. Read on…