E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/31/2020 in the Prospect News Distressed Debt Daily.

Bumble Bee Foods closes $928 million sale of assets to FCF affiliate

By Caroline Salls

Pittsburgh, Jan. 31 – Bumble Bee Foods has successfully completed a sale of its assets to an affiliate of long-time partner FCF Co. Ltd.

As previously reported, the sale was approved by the U.S. Bankruptcy Court for the District of Delaware on Jan. 27 as part of Bumble Bee Parent, Inc.’s Chapter 11 cases.

Bumble Bee said the $928 million asset sale closed on Friday.

“We have taken several positive steps this past year to transform the company with a focus on innovation and growth,” president and chief executive officer Jan Tharp said in the release.

“This sale enables us to continue down that exciting and promising path.”

Bumble Bee is a San Diego-based shelf-stable seafood supplier. The company filed bankruptcy on Nov. 21 under Chapter 11 case number 19-12502.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.