Simply Good Foods (SMPL) has shared an announcement.
Simply USA has entered into a significant amendment to their 2017 Credit Agreement, establishing a $250 million incremental term facility with terms similar to their existing loans. This move, aimed at funding various strategic initiatives, including a purchase agreement and the repayment of outstanding debt, also caters to working capital and general corporate needs. The company’s recent press release confirms the successful completion of the acquisition, marking a notable development in their financial strategy.
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