High Liner Foods finalizes pricing on $300 million term loan

By Paul A. Harris

Portland, Ore., Oct. 15 – High Liner Foods Inc. finalized pricing on its $300 million term loan B due October 2026 with a Libor plus 425 basis points spread at 99.

The spread came tight to the 425 bps to 450 bps talk.

The deal has a 1% Libor floor.

RBC Capital Markets is the lead on the deal.

Proceeds will be used to refinance an existing term loan B.

High Liner is a Lunenburg, N.S.-based processor and marketer of frozen seafood.

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