date:Apr 01, 2013
nd commissions. The profits will go to reduce debt. The company said it plans to use a portion of that to redeem $46 million in aggregate principal amount of the 9.25% senior notes due 2015 at a redemption price of 100%.
The remaining net proceeds and cash on hand will be used to repay $119 million of the senior secured term loan B facility maturing in April 2014 of Pinnacle Foods Finance L.L.C., the company said.
Headquartered in Parsippany, Pinnacle Foods is a leader in the shelf stable and