Finishers

News 1000 views 2 commentslast update:Feb 25, 2016

Maple Leaf Foods: $250 million debt financing

Maple Leaf Foods announced that it has completed an agreement with the company's syndicate of banks.

The agreement will increase the existing revolving credit facility by $250 million increasing the total facility to $1.05 billion and will extend the maturity of the facility by one year.

The facility is unsecured and will continue to bear interest based on short-term interest rates.

The financing, which matures on May 16, 2016, increases the weighted average term of the company's debt to 4.7 years. The facility will be used for general corporate purposes.

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2 comments

  • Mike John

    Maple Leaf Foods Inc. knowledgeable a fall in net income during the third one fourth, as the Toronto-based various meats and bakery company saw income decrease from last year and it had written down the value of some resources.

    <a href='http://www.raecpa.com/bookkeeping.php'>Bookkeeping in Annadale</a>

  • Mike John

    Maple Leaf Foods Inc. knowledgeable a fall in net income during the third one fourth, as the Toronto-based various meats and bakery company saw income decrease from last year and it had written down the value of some resources.
    http://www.raecpa.com/bookkeeping.php

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