Simpson Thacher Represents SunOpta in Refinancing of Credit Facilities
01.08.21
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The Firm represented SunOpta Inc. (“SunOpta”) (NASDAQ: STKL), in connection with the refinancing, and entering into, of new $325 million credit facilities, consisting of a $75 million delayed draw term loan facility and a $250 million asset-based revolving credit facility. In connection with the refinancing, SunOpta sold its global ingredients business segment and used a portion of the proceeds therefrom to redeem SunOpta Foods Inc.’s (a subsidiary of SunOpta) outstanding 9.5% Senior Secured Second Lien Notes due 2022.
SunOpta is a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production.
The Simpson Thacher team included Brian Steinhardt, Robert Meyer, Arman Naraghi-Pour and Simone Worthy (Credit – U.S.); Emma Lynam (Credit – U.K.); Jonathan Ozner (Capital Markets); Dennis Loiacono (Real Estate); Genevieve Dorment (Intellectual Property); and Sophie Staples and Edward Grais (Tax).