date:Apr 11, 2013
The 'delayed-draw' term loan was arranged with the help of Deutsche Bank AG and Bank of America Corp, said the Georgia-based baker, which has also amended its $500m revolving credit line and existing unsecured term debt to loosen leverage ratios and get more favorable covenants.
Flowers recently agreed to pay $360m for Hostesss Wonder, Butternut, Home Pride, Merita and Natures Pride brands, 20 bread plants, 38 depots and other assets.
The regulatory review of the proposed acquisition is underw