Lehman Brothers launched syndication late last week of a new $455 million loan package to finance the acquisition of Savannah Foods and Industries Inc. by Imperial Holly Corp.

Acting as arranger and syndication agent for the loans, Lehman is also expected to underwrite $250 million in high-yield bonds for Imperial, said a source familiar with the deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.