Maple Leaf plans to draw on credit facility for Field Roast purchase

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Maple Leaf Foods plans to borrow under its existing credit facility to fund a portion of its acquisition of Field Roast Grain Meat Co. for $120 million plus related expenses, according to a press release.

The company also plans to use cash on hand in the acquisition, which is expected to close by the end of 2017.

Maple Leaf Foods is a Toronto-based food processing company. Based in Seattle, Field Roast is a brand of premium grain-based “meat” and vegan cheese products.

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