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Hain Celestial Expands Unsecured Credit Facility With BofA, Wells Fargo

December 15, 2014, 07:36 AM


The Hain Celestial Group, Inc., a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life™, announced the closing of an expanded unsecured $1 Billion Senior Credit Facility led by Bank of America Merrill Lynch and Wells Fargo Bank.  The amended and restated credit agreement and related commitments are scheduled to mature in December 2019.  The revolving credit facility may increase by an additional $350 million provided certain conditions are met.

"Our amended and restated credit facility reflects the strength of Hain Celestial's balance sheet and provides us with increased financial flexibility with a more favorable pricing grid and extended maturity," commented Irwin D. Simon, Founder, President, Chief Executive Officer and Chairman of the Board of Hain Celestial. "Our financing partners will enable us to maintain operating flexibility with a solid financial platform to support our growing business with working capital as well as acquisition capital to support our strategic growth initiatives."

The Hain Celestial Group, headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe and India. Hain Celestial participates in many natural categories with well-known brands.







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