Utz Brands Announces Continued Acceleration of Supply Chain Transformation Strategy and Completes Term Loan Repricing
Utz Brands Inc Class A (UTZ)
Company Research
Source: Business Wire
Disposition of two manufacturing facilities to Our Home™Total cash proceeds received of $18.5 millionNet cash proceeds to be deployed to reduce long-term debt and add cash to balance sheetOur Home™ to offer employment to Utz associates as part of transitionCompleted repricing of $630 million Term Loan resulting in a lower interest rate HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets to Our Home™ (“Our Home”). Under the agreement, affiliates of Our Home have agreed to purchase the Company’s Berlin, PA, and Fitchburg, MA manufacturing facilities and certain related assets. This follows a separate transaction in February 2024, in which Our Home purchased three manufacturing facilities and two brands from Utz.Following the closing of the transac
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UTZ
News
- UTZ or CELH: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Snyder of Berlin potato chip plant sold to Popchips snack maker [Yahoo! Finance]Yahoo! Finance
- Utz Brands Announces Continued Acceleration of Supply Chain Transformation Strategy and Completes Term Loan Repricing [Yahoo! Finance]Yahoo! Finance
- Utz Brands to Report First Quarter 2024 Financial Results on May 2, 2024Business Wire
- Reflecting On Shelf-Stable Food Stocks' Q4 Earnings: Utz (NYSE:UTZ) [Yahoo! Finance]Yahoo! Finance
UTZ
Earnings
- 2/29/24 - Miss
UTZ
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- UTZ's page on the SEC website