Dawn closed on an agreement to refinance all third-party debt and looks to further expand the business.
Dawn Food Products’ board of directors and senior leadership team closed an agreement on June 29 that refinanced all company third-party debt and includes a five-year, $225 million revolver loan facility led by Wells Fargo Capital Finance. The company plans to continue its growth strategy in the coming years, especially in Europe.
“We are excited that our exceptional financial reputation and strong strategic business plans have earned the confidence of a premium financial leader such as Wells Fargo that will partner with Dawn to provide the right resources for our future growth,” Dave Knowlton, Dawn CFO, said in a statement. “We look forward to a long-term, positive relationship with Wells Fargo as we continue expanding our business while we keep investing in our foundation.”
Dawn is exploring European financing options to enable further growth in that region, according to the statement.