This content is from:APP亚博娱乐
Foodcorp Plans $567M Debt Issue
The South African maker of Nola mayonnaise and Ouma rusks, Foodcorp is seeking to raise about $567.4 million in a sale of seven-year notes.
The South African maker ofNolamayonnaise andOumarusks,Foodcorpis seeking to raise about $567.4 million in a sale of seven-year notes,Bloombergreports.JPMorgan ChaseandBarclays Capital are arranging the sale.
FoodcorpappointedNorth Sea Partnersas financial advisor. The company will use the net proceeds to settle existing hedging arrangements and finance repurchases or redemptions of securities issued by its parent company.
Click here for the story fromBloomberg.