AdvancePierre to partially repay term loan via common stock offering

By Tali Rackner

Norfolk, Va., July 5 – AdvancePierre Foods Holdings, Inc. plans to repay a portion of its first-lien term loan with the proceeds from an offering of 11.09 million shares of common stock, according to a press release.

Selling stockholders are also selling 7.51 million shares but the company will not receive any of those proceeds.

AdvancePierre is a Cincinnati-based supplier of value-added protein and handheld convenience products to the food service, school, retail, club, vending and convenience store channels.

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