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Stock impact report

Quirch Foods Announces $1.1 Billion Strategic Debt Refinancing to Accelerate Growth [Yahoo! Finance]

Regions Financial Corporation (RF) 
Last regions financial corporation earnings: 4/17 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.regions.com
Company Research Source: Yahoo! Finance
States, Puerto Rico, and Latin America, today announced the completion of a $1.1 billion strategic debt refinancing led by Ares U.S. Direct Lending funds and Regions Bank, with participation from a consortium of additional lenders. The new financing structure strengthens the company's balance sheet and positions Quirch Foods for its next phase of growth, which will be primarily focused on investments in its brands, talent, technology, and operational innovation. The transaction expands the company's asset-based lending ("ABL") facility and provides access to a delayed draw term loan, offering greater flexibility to pursue strategic initiatives, capture market opportunities, and fund future acquisitions. "This refinancing provides Quirch with a strong foundation to continue pursuing strategic acquisitions that complement our platform, expand our reach, and better serve our customers," said Frank Grande, Chief Executive Officer of Quirch Foods. "We see meaningful opportunities to gr Show less Read more
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