Oregon Chain Refinances Debt

BROOKINGS, Ore. — C&K Market here said Wednesday it has completed a new senior debt credit facility with US Bank that includes term loans and a revolving line of credit.

BROOKINGS, Ore. — C&K Market [3] said Wednesday it has completed a new senior debt credit facility with US Bank that includes term loans and a revolving line of credit.

C&K said it simultaneously completed a mezzanine term loan with Endeavour Structured Equity and Mezzanine Fund I, L.P., of Portland, Ore., and THL Credit, Boston.

The new credit facility and mezzanine term loan will provide up to $73 million in financing, which C&K said it will use to refinance its existing senior and mezzanine debt facilities; provide working capital; and expand its operations into new markets in the Pacific Northwest.

C&K operates 61 stores in Oregon and Northern California.