Fitch Ratings rates Flowers Foods, Inc.'s new five-year senior unsecured term loan 'BBB' with commitment levels of up to $300 million. Pricing will be approximately LIBOR + 187.5 basis points. The proceeds will be used to help finance the pending...
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April 15, 2013, 07:27 AM
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Hostess Brands announced that it has obtained U.S. Bankruptcy Court approval to sell its Drake's snack cake brand as well as four of its northwest regional bread brands in two separate transactions totaling approximately $58.4 million in...
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April 10, 2013, 07:34 AM
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Bloomberg reports Hostess Brands Inc., the bankrupt maker of Wonder bread announced Apollo Global Management and C. Dean Metropoulos & Co. agreed to pay $410 million for the majority of its snack business, including its iconic Twinkies.
In a court...
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March 13, 2013, 07:09 AM
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Hostess Brands announced that the stalking horse bid submitted by Flowers Foods, Inc. for the majority of the assets related to the company's bread business, including the Butternut, Home Pride, Merita, Nature's Pride and Wonder brands, will be the...
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March 01, 2013, 07:27 AM
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The Bakery and Confectionery Union and Industry International Pension Fund (Bakers Fund) announced today that it has engaged the prominent New York distressed investment banking firm, Gordian Group, LLC, in connection with Hostess Brands' chapter 11...
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January 21, 2013, 07:51 AM
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The Associated Press reports Hostess Brands Inc. said in bankruptcy court Friday that it's narrowing down the bids it received for its brands and expects to sell off its snack cakes and bread brands to separate buyers. The article cites testimony...
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December 24, 2012, 08:11 AM
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Hostess Brands announced that the U.S. Bankruptcy Court for the Southern District of New York approved its emergency interim motion for the orderly wind down of its business and sale of its assets.
Judge Robert Drain approved the motion after the...
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November 26, 2012, 07:16 AM
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