Luihn VantEdge Partners to launch $280M 1st-lien, $65M 2nd-lien term loans

Lead arranger Citizens has scheduled a lender call for 3 p.m. ET on Nov. 9 to launch a $280 million, seven-year first-lien term loan and a $65 million, eight-year second-lien covenant-lite term loan for Luihn Vantedge Partners LLC, according to sources.

Price talk for the loans is not yet available, but proceeds from the deal will be used to finance an acquisition and refinance existing debt.

Luihn VantEdge Partners, backed by VantEdge Partners, is an owner and operator of 172 restaurants, most of which are Taco Bells, across five states primarily in the southeast.