02.08.18
The Hain Celestial Group announced the closing of an expanded, unsecured $1.3 billion Senior Credit Facility led by Bank of America Merrill Lynch and Wells Fargo Bank.
The amended and restated credit agreement and related commitments include a $1.0 billion revolving credit facility and $300 million term loan, both of which are scheduled to mature in February 2023. The revolving credit facility may increase by an additional $400 million provided certain conditions are met.
"Our amended and restated credit facility reflects the strength of Hain Celestial's balance sheet and provides us with increased multi-currency financial flexibility on the same pricing grid with an extended maturity," commented Irwin D. Simon, Founder, president, chief executive officer and chairman of the board of Hain Celestial.
Simon continues, "Our financing partners enable us to maintain operating flexibility with a solid financial platform to support our growing business with working capital and acquisition capital to support our strategic growth initiatives."
Photo: Avalon Organics and Alba Botanica are two of Hain Celestial's brands.
