SunOpta has agreed to a private placement of secure second lien notes through its subsidiary SunOpta Foods.
The notes will mature in 2023 and provide gross proceeds of C$300m ($231.43m), which will be used to repay term loans, as well as related fees and expenses.
Go deeper with GlobalData
Proceeds from the notes will be guaranteed by SunOpta, as well as its subsidiaries in the US, Canada and Netherlands.
Futamura Chemical will take over the Cellophane business and assets of British plastic packaging product manufacturer Innovia Films Ltd.
The €75m ($85.45m) transaction is expected to be closed on or before 30 June 2016.
See Also:
Based in Japan, Futamura Chemical aims to expand its global footprint and product offerings through the deal.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWind Point Partners, an American private equity firm, has taken over Evans Food Group and its subsidiaries.
DLA Piper acted as the legal counsel for the transaction.
Also based in the US, Evans Food Group produces private-label pork rinds for branded snack manufacturers.
The funding required for the deal was provided by BMO Harris Bank N.A. and Antares Capital.
Japan Tobacco has announced a public offering of bonds to raise gross proceeds of $500m.
The ten-year bonds have a coupon rate of 2.8% a year, and are payable twice a year.
The Japanese tobacco products manufacturer was assisted by Citigroup, Bank of America Merrill Lynch and Mizuho Financial Group, which acted as underwriters for the offering.
Image: Japan Tobacco will raise $500m through public offering of bonds. Photo: courtesy of Namazu-tron.
