Bumble Bee Foods LLC of San Diego sold USD 220 million (EUR 150.5 million) of notes on Thursday to refinance debt and lower borrowing costs.
According to a Bloomberg report, the 110-year-old seller of canned tuna and salmon, a unit of Connors Bros. Income Fund in Markham, Ontario, added at least USD 7.3 billion (EUR 5 billion) being marketed in the U.S. corporate bond market. The senior secured notes, due in 2015, may yield 8 percent to 8.25 percent.
Connors Bros. Income fund, which also owns the Brunswick and Clover Leaf canned seafood brands, is no longer a publicly traded company, as of November 2008.
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