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High Liner Foods Completes Incremental Term Debt and Extension of Asset-Based Debt
High Liner Foods Completes Incremental Term Debt and Extension of Asset-Based Debt Canada...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n\n\nHigh Liner Foods Completes Incremental Term Debt and Extension of Asset-Based Debt\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTransactions Further Strengthens Financial Flexibility and Liquidity\nLUNENBURG, NS, Dec. 18, 2025 /CNW/ - High Liner Foods Incorporated (TSX: HLF) (\"High Liner Foods\" or \"the Company\"), a leading North American value-added frozen seafood company, today announced it completed a US$60 million incremental addition to its senior secured Term Loan B (\"TLB Incremental\") and a five-year extension of its Asset-Based Revolving Credit Facility (\"ABL Extension\").\n\"Our ability to attract strong interest from both our existing lenders and new institutional partners speaks to the quality of our credit profile and the strength of our banking relationships,\" said Kimberly Stephens, Executive Vice President & Chief Financial Officer. \"The TLB incremental was effectively oversubscribed, signalling strong confidence in High Liner's strategy and disciplined management of liquidity.\"\nThe TLB Incremental was priced on the same terms as the existing facility and supported by interest from both existing and new institutional lenders. Net proceeds from the TLB Incremental will be used to repay borrowings under the Company's ABL facility on or about closing related to the acquisition of the Mrs. Paul's and Van de Kamp's U.S. retail brands and to support elevated working capital requirements. The total amount of the Company's term debt outstanding after the TLB Incremental is US$292.5 million.\nHigh Liner Foods also closed an amendment and extension to its existing ABL facility, which will extend the maturity by 5 years from today's closing and maintain the same pricing as the current facility. The current ABL lender group will remain in place with only minor allocation changes, and the overall ABL commitment will remain at US$200 million to support the Company's liquidity objectives.\nFor the TLB Incremental, Bank of Montreal is acting as administrative agent and BMO Capital Markets Corp., RB...