CANADA: Maple Leaf completes debt financing
By: just-food.com | 12 May 2010
Canadian food manufacturer Maple Leaf Foods announced today (12 May) that it has negotiated a C$250m (US$246m) short term loan facility.
The company said that it has completed an agreement with a syndicate of banks, including the majority of the banks in its existing revolving credit facility, to augment the company's primary revolving credit facility.
The short term bank facility matures at the same time as Maple Leaf's primary revolving credit facility, in May 2011.
“The facility will be used to meet the Company's short term funding requirements for general corporate purposes, and to provide an adequate level of excess liquidity,” Maple Leaf said in a statement.
Sectors: Canned food, Cereal, Condiments, dressings & sauces, Dried foods, Meat & poultry
Companies: Maple Leaf Foods
View next/previous articles
12 May 2010 -
12 May 2010 -
Currently reading -
CANADA: Maple Leaf completes debt financing
12 May 2010 -
12 May 2010 -
Related articles
CANADA: Teachers representatives quit Maple Leaf board
A pension fund that holds a 20% stake in Maple Leaf Foods has seen its two representatives on the Canadian group's board quit due to disagreement over the company's planned revamp.
CANADA: Restructuring costs pushes Maple Leaf into red
Canadian food group Maple Leaf Foods today (28 October) posted a third-quarter loss of over C$16m (US$15.6m) thanks to its restructuring programme that will streamline its business.
CANADA: Canada Bread launches "European-style" lines
Canada Bread has launched five "European-style" rye breads under its Dempster's brand in its domestic market.
There are currently no comments on this article
Be the first to comment on this article