Utz Brands Announces Continued Acceleration of Supply Chain Transformation Strategy and Completes Term Loan Repricing
This follows a separate transaction in February 2024, in which Our Home purchased three manufacturing facilities and two brands from Utz.
- 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 transactions, Utz and Our Home will operate under a Transition Services Agreement for up to 12 months.
- Utz announced today that it has successfully completed a repricing of its $630 million Term Loan (“Term Loan”) due in January 2028.
- There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged.