On February 11, 2016, SunOpta Inc. and certain of its subsidiaries in Canada, the United States and the Netherlands closed a US$350,000,000 senior secured asset-based revolving credit facility. The transaction was entered into by, among others, SunOpta Inc., as a Canadian borrower, SunOpta Foods, Inc., as a US borrower, The Organic Corporation B.V., as a Dutch borrower, Bank of America, N.A., as a lender, the administrative agent and collateral agent for a syndicate of lenders, Rabobank International and Bank of Montreal, as co-syndication agents, JPMorgan Chase Bank, N.A., as documentation agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporation, Rabobank Nederland and Bank of Montreal as joint lead arrangers and joint bookrunners.
SunOpta Inc. is a leading global organic food company specializing in sourcing, processing and packaging of natural, certified organic and non-GMO food products. Proceeds from the offering were used for general corporate purposes.
SunOpta was represented by Simpson Thacher & Bartlett LLP in the United States and the United Kingdom with a team consisting of Brian Steinhardt, Jennifer Albrecht, Nelli Zaltsman and Sara Campbell, by Wildeboer Dellelce LLP in Canada with a team consisting of Troy Pocaluyko, Chris Partridge and Steven Vasilevski and by NautaDutilh N.V. in the Netherlands with a team consisting of Diederik Vriesendorp, Marc Orval, Catrien Rozeman and Boudewijn Smit.
Bank of America, N.A. was represented in Canada, the United Kingdom and the Netherlands by Norton Rose Fulbright LLP with a team consisting of David Amato and Noah Schein (Canada), Michael Black and Helen Masri (United Kingdom), Gijs van Leeuwen and Koen Durlinger (Netherlands) and in the United States by Cahill Gordon & Reindel LLP with a team consisting of Jennifer Ezring, Anastasia Efimova, Juliana Obregon, Kristin Russell, Lawrence Lin, Vanessa Savino and Bryan Joggerst.