date:Feb 04, 2016
US-based TreeHouse Foods has completed the acquisition of the private brands operations of ConAgra Foods for $2.7bn in cash.
TreeHouse funded the deal by closing its earlier announced offerings of $775m in total principal senior notes that were due in 2024 with a 6% annual interest rate and common stock issuance of 13.3 million shares for $65 per share, aggregating $862.5m in total proceeds.
The remaining amount was availed under the company's revolving credit facility.
The purchase of ConAgr