debt
confidence high
sentiment neutral
materiality 0.35
Flowers Foods issues 5.75% and 6.20% senior notes to fund Simple Mills acquisition
FLOWERS FOODS INC
- Issued two series of senior notes (5.750% due 2035 and 6.200% due 2055) with undisclosed principal amounts.
- Net proceeds to fund cash consideration for the pending Simple Mills acquisition, plus fees and general corporate purposes.
- Notes subject to special mandatory redemption at 101% if Simple Mills acquisition not consummated by Termination Date (Apr 7, 2025, extendable to Oct 7, 2025).
- Underwriters include BofA Securities, Deutsche Bank, RBC, Wells Fargo; Regions Bank serves as series trustee.