Maple Leaf plans to draw on credit facility for VIAU Foods purchase

By Susanna Moon

Chicago, Oct. 2 – Maple Leaf Foods Inc. plans to use drawdowns from its credit facility to help fund the acquisition of VIAU Foods for of C$215 million.

Maple Leaf has signed a definitive agreement to acquire VIAU Foods, with the deal to be also funded using cash on hand, according to an announcement.

The transaction is expected to close in December, subject to regulatory review, the release noted.

Maple Leaf Foods is a Toronto-based food processing company.

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