Utz to use revolver borrowings for Festida Foods purchase

By Sara Rosenberg

New York, May 11 – Utz Brands Inc. plans to draw on its revolving credit facility to fund its $41 million acquisition of Festida Foods, according to a news release.

Closing is expected in the second quarter, subject to customary conditions.

Utz is a Hanover, Pa.-based manufacturer of branded salty snacks. Festida Foods is a manufacturer of tortilla chips, corn chips and pellet snacks.

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