UTZ Brands Secures Savings with Smart Refinancing Strategy

UTZ Brands (UTZ) has provided an update.

Utz Quality Foods, LLC successfully amended its First Lien Credit Agreement to launch a new senior secured term loan facility, reducing the interest rate and generating substantial annual cash interest expense savings. This strategic financial move, which involved refinancing $630 million in existing loans, is expected to save the company an estimated $2 million each year. The terms, including the maturity date in January 2028, largely remain the same, signifying a savvy step for the snack food company’s long-term financial planning.

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