Business News • MarketWire • Imperial Capital Acts as Sole Book Runner for $115 Million of Senior Secured Notes for Harmony Foods Corporation (d/b/a Santa Cruz Nutritionals) |
Imperial Capital Acts as Sole Book Runner for $115 Million of Senior Secured Notes for Harmony Foods Corporation (d/b/a Santa Cruz Nutritionals) |
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Imperial Capital Acts as Sole Book Runner for $115 Million of Senior Secured Notes for Harmony Foods Corporation (d/b/a Santa Cruz Nutritionals)
LOS ANGELES, CA--(Marketwire - May 12, 2011) - Imperial Capital announced the successful completion of a $115 million 10% Senior Secured Notes offering (the "Notes") for Harmony Foods Corporation d/b/a Santa Cruz Nutritional ("SCN" or "the Company"), a portfolio company of Levine Leichtman Capital Partners IV, L.P. SCN is the leading formulator and manufacturer of gummy-based nutraceuticals in the United States, providing a wide range of gummy products in key nutritional categories, including children's nutraceuticals, adult nutraceuticals, sports nutrition, organic and fruit snacks. The Company will use the net proceeds from the offering to refinance existing indebtedness, fund a distribution to the equity holders and pay related fees and expenses. Imperial Capital acted as sole book runner on the transaction.
View More : http://www.marketwire.com/mw/release.do?id=1513538&sourceType=3
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