US food group TreeHouse Foods has announced plans to raise capital through a note issue and new share issue.
The company said today (22 February) that it intends to offer, subject to market and other conditions, US$100m of shares of its common stock through an underwritten public offering.
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TreeHouse has also priced an underwritten public offering of US$400m of 7.75% senior notes, which will mature in 2018.
The net proceeds will, in part, be used to fund the previously announced acquisition of Sturm Foods, the private label food maker revealed.
The offering and acquisition are both expected to close on 2 March, the company said.
BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers for the notes offering.
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