MARZETTI CO (MZTI): debt financing — Marzetti completes $400M acquisition of Bachan's Japanese BBQ sauce brand

MARZETTI CO

Acquisition of Bachan's, Inc. for $400M financed with cash on hand and $200M term loan.
Bachan's TTM net sales approx. $87M; purchase price ~4.6x sales.
Term loan $200M, 5-year maturity (April 29, 2031), quarterly principal payments of $2.5M.
CEO Dave Ciesinski cites strategic fit in sauces; expects to broaden distribution via Marzetti network.
Founder Justin Gill stays on; committed to brand heritage and growth with Marzetti.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MARZETTI CO incurred term loan of $200 million with JPMorgan Chase Bank, N.A. as Administrative Agent maturing April 29, 2031.

Instrument: term loan
Principal: $200 million
Counterparty: JPMorgan Chase Bank, N.A. as Administrative Agent
Maturity: April 29, 2031
Event: incurrence

Exact text from the filing

On April 29, 2026, the Company closed on the funding of the Term Loan in the aggregate principal amount of $200 million

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MARZETTI CO filing history →

Source: SEC EDGAR

accession 0001193125-26-201554

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