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High Liner Foods ( (TSE:HLF) ) has issued an announcement.
High Liner Foods has bolstered its balance sheet and funding flexibility by completing a US$60 million incremental addition to its senior secured Term Loan B and securing a five-year extension of its US$200 million asset-based revolving credit facility at unchanged pricing. Proceeds from the new term debt will be used primarily to repay borrowings tied to the recent acquisition of the Mrs. Paul’s and Van de Kamp’s U.S. retail seafood brands and to support higher working capital needs, while the oversubscribed financing and extended ABL maturity underscore lender confidence in the company’s strategy, credit profile and liquidity position, reinforcing its capacity to pursue growth and manage ongoing operational requirements.
The most recent analyst rating on (TSE:HLF) stock is a Hold with a C$14.00 price target. To see the full list of analyst forecasts on High Liner Foods stock, see the TSE:HLF Stock Forecast page.
Spark’s Take on TSE:HLF Stock
According to Spark, TipRanks’ AI Analyst, TSE:HLF is a Neutral.
High Liner Foods faces significant challenges with declining profitability and bearish technical indicators. While the stock’s valuation is attractive, and strategic initiatives offer some long-term potential, the immediate financial and operational hurdles weigh heavily on the overall score.
To see Spark’s full report on TSE:HLF stock, click here.
More about High Liner Foods
High Liner Foods Incorporated is a leading North American processor and marketer of value-added frozen seafood, selling branded retail products across the United States and Canada under labels such as High Liner, Fisher Boy, Mirabel, Sea Cuisine, Catch of the Day, Mrs. Paul’s and Van de Kamp’s, and supplying branded and private-label seafood to restaurants, institutions, food retailers and foodservice distributors. The publicly traded Canadian company, listed on the Toronto Stock Exchange under the symbol HLF, focuses on the frozen seafood category for both retail and foodservice channels across North America.
Average Trading Volume: 44,909
Technical Sentiment Signal: Hold
Current Market Cap: C$406.4M
Learn more about HLF stock on TipRanks’ Stock Analysis page.