B&G Foods has agreed to acquire US-based snack food manufacturer Robert's American Gourmet Food from private equity firm VMG Partners and other parties in an all-cash deal of $195m. The acquisition is part of B&G Foods' strategy to ...
For fiscal third-quarter 2013 (to end-March), optical component, module and subsystem maker Oclaro of San Jose, CA, USA, has reported revenue of $141.6m, down 11% on $159.5m the previous quarter and up 60% on $88.7m a year ago (which was ...
Tags: Oclaro Opnext, Electrical, Electronics
Sault Ste. Marie, Ontario-based Essar Steel Algoma's lenders have approved an amendment to the company's September 2012 credit agreement allowing for credit support from its parent companies to reinforce Essar Steel Algoma's liquidity ...
Tags: Lenders, Steel Algoma
Sault Ste. Marie, Ontario-based flat rolled sheet and plate steelmaker Essar Steel Algoma announced Wednesday that its parent companies will provide $50 million of credit support to reinforce the company's liquidity position. The Company ...
Tags: Essar Steel, Liquidity
Compass Diversified Holdings, the parent company of Fox and Camelbak, exercised an option under its credit agreement to borrow an incremental term loan of $30 million. “We are pleased to be able to take advantage of the favorable ...
Tags: Compass, Term Loan Borrowings
On Friday, Los Angeles, California-based service center Reliance Steel & Aluminum Co. announced that it has amended and restated its existing $1.5 billion unsecured revolving credit facility and raised $500 million in a new term loan. The ...
Tags: Metallurgy, Mineral, Energy, steel
Ralcorp Holding has sold its remaining stake in cereal maker Post Holdings as it looks to free up funds to support its growth strategy. The company said that the sale of its remaining 20% Post stake will reduce outstanding debt by ...
Tags: Ralcorp Holding, Post Holdings, growth strategy, food industry
General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
UK-based Premier Foods has sold Elephant Atta ethnic flour business to Westmill Foods,a subsidiary of Associated British Foods(ABF),in an all-cash deal of £34m,as a part of its plan to lower debts and avoid a breach of its credit ...
Tags: flour, debts, credit agreement
Hancock Fabrics Inc. announced that it has entered into an amended and restated loan and security agreement. The new, $100 million senior secured asset-based credit facility (Working Capital Facility) matures in November 2016 and replaces ...
Tags: Hancock Fabrics Inc, fabrics, GE Capital, textile
American Apparel Inc.,a vertically integrated manufacturer,distributor,and retailer of branded fashion-basic apparel,announced financial results for its third quarter ended September 30,2012. Dov Charney,Chairman and CEO of American ...
Tags: American Apparel, fashion-basic apparel, financial results, Dov Charney