date:Jun 05, 2012
new $280m senior secured credit facility.
The company expects to close the transaction in July, at which point it expects long-term debt to be approximately $240m.
Citigroup acted as exclusive financial advisor to Smart Balance over the acquisition.
Smart Balance chairman and CEO Stephen Hughes said with this transaction, the company will offer the most comprehensive portfolio of gluten-free products to address one of the fastest growing categories in the food industry.
This portfolio of gluten