date:Jul 03, 2012
The acquisition, as well as the refinancing of existing outstanding debt, was financed with the proceeds of a new $280 million senior secured credit facility, Smart Balance said. In addition, the facility, which has an overall effective interest rate of approximately 7.5%, is comprised of a $240 million term loan scheduled to mature in July 2018 and a $40 million revolving credit facility scheduled to mature on June 30, 2017.
As of the close of the transaction, Udis net debt is approximately $23