Atlantic Canada-based Clearwater Seafoods is entering into currency hedging agreements and will close its offering of $250 million (€229 million) of senior unsecured notes, the company announced Wednesday.
The notes have a US dollar coupon rate of 6.875 percent and were issued at par.
Clearwater concurrently entered into new senior secured credit facilities in an aggregate principal amount of CAD 335 million ($246 million/€225 million), consisting of a CAD 300 million ($220 million/€202 million) revolving credit facility and a CAD 35 million ($25 million/€23 million) amortizing secured term loan, each maturing in 2022.
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