Flowers Foods (FLO) said Tuesday it priced a public offering of $500 million in 5.75% Senior Notes due 2035 and $300 million in 6.2% Senior Notes due 2055.
The company said the 2035 Notes will mature on March 15, 2035, while the 2055 Notes will mature on March 15, 2055.
Proceeds from the offering, expected to close on Friday, would be used along with cash on hand to fund its acquisition of Purposeful Foods, pay related fees and expenses, and for general corporate purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.