SunOpta: New European Credit Facility

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

SunOpta Inc., a leading global company focused on natural, organic and specialty foods, announced that its International Foods Group including The Organic Corporation B.V. ("TOC") and certain international subsidiaries of TOC ("Borrowers") have successfully entered into a Multi-purpose Facilities Agreement ("Club Facility") with ING Bank N.V. and ABN Amro Bank N.V. ("Lenders"). The Agreement expands the Group's borrowing capacity and provides for a total of EURO48 million in financing via two main facilities, a EURO45M revolving credit facility covering working capital needs, and EURO3 million pre-settlement facility covering currency hedging requirements.

The new EURO45M revolving credit facility replaces an existing EURO35M credit facility with ING Bank N.V., and is secured by the working capital of the Borrowers. The increased facility size will be used to support growth within the Company's international foods operations. There is no set maturity to the Club Facility and the limit can be extended or adjusted based on the needs of the business based upon approval of the Lenders.

Initial interest rates under the Club Facility are expected to be similar to the previous credit facility as the loan margin and 'cost of funds' pricing is comparable.

"This expanded credit facility will allow the International Foods Group to continue to grow their global sourcing, supply and processing capabilities which are of strategic importance to SunOpta's integrated natural and organic foods platform," commented Rob McKeracher, Vice President and Chief Financial Officer. "We appreciate the support from our international lenders, which reflects the strength of our relationships with our banks and the solid fundamentals of our business."

About SunOpta Inc.

SunOpta Inc. is a leading global company focused on natural, organic and specialty foods products. The company specializes in sourcing, processing and packaging of natural and organic food products, integrated from seed through packaged products; with a focus on strategically vertically integrated business models. The Company's core natural and organic food operations focus on value-added grains, fiber and fruit based product offerings, supported by a global infrastructure. The company has two non-core holdings, a 66.2% ownership position in Opta Minerals Inc., listed on the Toronto Stock Exchange, a producer, distributor, and recycler of environmentally friendly industrial materials; and a minority ownership position in Mascoma Corporation, an innovative biofuels company.

Contact:
SunOpta Inc.
Rob McKeracher, Vice President & CFO
Susan Wiekenkamp, Information Officer
Tel: 905-455-2528, ext 103
susan.wiekenkamp@sunopta.com
Website: www.sunopta.com
Aktuell, seriös und kostenlos: Der ECOreporter-Newsletter. Seit 1999.
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x