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TreeHouse Foods to redeem $375.9 million of 4 7/8% notes due 2022
By Taylor Fox
New York, Aug. 25 – TreeHouse Foods, Inc. intends to redeem all its $375.9 million outstanding principal amount of its 4 7/8% senior notes due 2022, according to a news release.
The notes will be redeemed at a price of 100% of the principal amount of the notes plus interest using proceeds from its offering of $400 million of senior notes due 2028.
Any remaining proceeds will be used to pay transaction-related fees and expenses of the 2022 notes redemption and for general corporate purposes.
The offering of the 2028 notes is not contingent upon the 2022 notes’ redemption.
TreeHouse is an Oak Brook, Ill.-based food manufacturer.
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