SunOpta pulls $330 million notes offering due to market conditions

By Paul A. Harris

Portland, Ore., Oct. 7 – SunOpta Foods Inc. pulled its $330 million offering of senior secured second-lien notes due 2022 (B3/B) due to market conditions, according to an informed source.

The deal was talked at a discount to yield 10%, on Tuesday.

BMO Securities, Jefferies LLC and Rabobank were the bookrunners.

Toronto-based vertically integrated global food company had planned to use the proceeds, together with the proceeds from a common share offer and borrowings under the existing credit facilities, to fund the acquisition of Sunrise Holdings (Delaware), Inc.

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