Concurrent with the refinancing, the company redeemed the entire ownership interest of a significant equity holder, Coastal Villages Region Fund.
The company refinanced ASG Consolidated’s high yield bonds and American Seafoods Group’s senior credit facility, significantly extending the maturities on its debt. “The refinancing represents a significant accomplishment for the company,” said Bernt Bodal, CEO of Seattle-based American Seafoods.
“The fact that we were able to complete a transaction like this in a difficult economic environment is a testament to the strong support of our lending partners and the stellar reputation the company enjoys among the financial community.”
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