Utz Brands Announces Closing of Term Loan Refinancing
Press release content from Business Wire. The AP news staff was not involved in its creation. Utz Brands Announces Closing of Term Loan Refinancing January 20, 2021 GMT HANOVER, Pa.--(BUSINESS WIRE)--Jan 20, 2021-- Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), announced today the closing of its term loan refinancing. Initially contemplated as a $310 million add-on to the existing Term Loan B due 2024, following robust investor demand, Utz placed a new $720 million Term Loan B due 2028 (the “New Term Loan”), enabling the Company to extend its maturity profile and reset cer...