Reuters reported Ares Capital was tapped by American Seafoods Group for an $800 million first-and second-lien credit facility that backs the recapitalization of the Seattle-based fish harvesting company.

The capital structure now comprises a $60m, six-year revolver, a $540m, six-year first-lien term loan and a $200m, 6.5-year second-lien term loan. The spread on the first-lien term loan is 500bp over Libor, while second-lien pricing is 900bp over Libor, according to Reuters.

To read the full Reuters report, click here.