SunOpta to use credit facility borrowings to fund Sunrise acquisition

By Marisa Wong

Morgantown, W.Va., Sept. 15 – SunOpta Inc. subsidiary SunOpta Foods Inc. plans to use borrowings under its existing credit facilities to help fund its previously announced acquisition of Sunrise Holdings (Delaware), Inc., according to a press release.

The acquisition also will be funded with proceeds from an offering of senior secured notes and cash on hand. The transaction is expected to close this fall.

SunOpta is a food and mineral company based in Brampton, Ont. Sunrise is a supplier of private label domestic and imported conventional and organic frozen fruit.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.