Diamond Foods Completes Refinancing of Debt Capital Structure

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Go back to Diamond Foods Completes Refinancing of Debt Capital Structure

Diamond Foods (DMND) Closes Debt Capital Refi Initiative

February 19, 2014 11:27 AM EST

Diamond Foods, Inc. (Nasdaq: DMND) completed the refinancing of its debt capital structure, as previously announced.

"We are pleased with our new debt structure," said Raymond Silcock, Diamond's Chief Financial Officer. "In addition to substantially reducing interest expense, it will also provide us financial flexibility for the future."

The Company today closed its previously announced Rule 144A offering of $230 million in aggregate principal amount of 7.000% Senior Notes due 2019. Credit Suisse Securities (USA) LLC, Wells Fargo Bank, National Association, Barclays Capital Inc., BMO Capital Markets Inc., and SunTrust Robinson Humphrey... More