UTZ Brands (UTZ) has provided an update.
Utz Quality Foods, LLC successfully amended its First Lien Credit Agreement to launch a new senior secured term loan facility, reducing the interest rate and generating substantial annual cash interest expense savings. This strategic financial move, which involved refinancing $630 million in existing loans, is expected to save the company an estimated $2 million each year. The terms, including the maturity date in January 2028, largely remain the same, signifying a savvy step for the snack food company’s long-term financial planning.
See more data about UTZ stock on TipRanks’ Stock Analysis page.
