Pinnacle Foods plans to redeem $350 million 5 7/8% notes due 2024

By Sarah Lizee

Olympia, Wash., Oct. 5 – Pinnacle Foods Inc. plans to redeem all $350 million of its 5 7/8% senior notes due 2024, according to a press release.

The notes will be redeemed at par plus the applicable premium and accrued interest up to but excluding the redemption date.

The redemption is conditioned upon the consummation of the acquisition of Pinnacle Foods by Conagra Brands, Inc. The redemption may be delayed if the acquisition is not completed by Dec. 4.

The notes were issued by Pinnacle Foods Finance LLC and Pinnacle Foods Finance Corp.

Pinnacle Foods is a Parsippany, N.J.-based producer, marketer and distributor of branded food products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.