Flowers Foods to repay term loan facilities via note offering proceeds

By Tali Rackner

Norfolk, Va., Sept. 23 – Flowers Foods, Inc. plans to repay debt currently outstanding under its existing term loan facilities with the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of July 16, there was $369.2 million outstanding under the term loan facilities, which mature on April 5, 2018 and April 19, 2021.

Any remaining proceeds will be used for general corporate purposes.

Flowers Foods is a Thomasville, Ga.-based producer and marketer of packaged bakery foods for retail and foodservice customers.

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