Simply Good Foods sets Monday call for $350 million amended loan

By Paul A. Harris

Portland, Ore., April 6 – Simply Good Foods Co. plans to take part in a conference call with lenders beginning at 10 a.m. ET on Monday, according to a market source.

The company comes to market in an effort to amend its $350 million senior secured term loan B due July 7, 2024, and to extend its maturity by approximately four years, to March 17, 2027.

Moody's Investors Service assigns its Ba3 senior secured credit rating to the borrower. S&P Global Ratings assigns its BB+ senior secured credit rating.

Joint bookrunner Barclays is the agent. BMO Capital Markets Corp., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are also joint bookrunners.

In addition to Simply Good Foods Co. the borrowing entities for the amend-and-extend deal include NCP-ATK Holdings Inc., Atkins Nutritionals Holdings Inc. and Atkins Nutritionals Holdings II Inc., the same as the loan due in 2024.

Simply Good Foods is a Denver-based developer and marketer of branded nutritional foods and snack products.

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