TPG inks $750m loan for Greek yoghurt maker Chobani

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US private equity firm TPG Capital has provided a $750m loan to US yoghurt company Chobani.

Earlier this year TPG was reported to be eyeing an investment for the New York-headquartered Greek yoghurt maker, which was considering selling a minority stake to buyout suitors.

The company was looking for outside capital following the launch of its second production facility in Twin Falls, Idaho – the world’s largest yogurt plant costing $450m, according to Reuters,

The second lien loan could see TPG take a 35 per cent stake in Chobani.

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