In a statement last Thursday, TW said Citibank committed to provide $300 million of new loans as part of the recapitalization, which also includes a $300 million equity investment by KKR and the sale by TW of $200 million of senior unsecured notes. Existing Lenders Get First Crack While members of TW's existing bank group will get first crack at participating in the new credit, KKR banks also will be accommodated. Despite the cash -- and gloss -- that KKR brings to TW, the prospect of joining the TW credit left some bankers cold. "If we get a call, we'll look at it, but I don't want to raise my hand," said the KKR relationship manager at one bank, who take a dim view of restaurant deals. Taking Care of Junk Bonds Proceeds from the new bank credit could be used by TW to help fund the call or repurchase of buyout-related junk bonds, depending on the success of a proposed exchange offer, also announced last week. It's unclear whether the new bank credit would be necessary if the exchange offer is successful.