By Angela McDaniels
Tacoma, Wash., June 22 - Saputo Inc. issued C$330 million of senior unsecured notes to three institutional investors in the United States through a private placement on Monday, according to a company news release.
The placement included C$110 million of 5.34% series A notes due June 22, 2014 and C$220 million of 5.82% series B notes due June 22, 2016. The notes were priced at par.
The proceeds will be used to pay down part of the company's credit facilities and for general corporate purposes.
Saputo is a Montreal-based maker of dairy products and snack cakes.
| Issuer: | Saputo Inc.
|
| Issue: | Senior unsecured notes
|
| Total amount: | C$330 million
|
| Settlement date: | June 22
|
| Distribution: | Private placement
|
|
|
| Series A notes
|
| Amount: | C$110 million
|
| Maturity: | June 22, 2014
|
| Coupon: | 5.34%
|
| Price: | Par
|
| Yield: | 5.34%
|
|
|
| Series B notes
|
| Amount: | C$220 million
|
| Maturity: | June 22, 2016
|
| Coupon: | 5.82%
|
| Price: | Par
|
| Yield: | 5.82%
|
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