TreeHouse Foods notes increase 3.5 cents
Bonds sold last week by TreeHouse Foods Inc. have risen 3.5 cents on the dollar to 103.5 cents to yield 7.17 percent as of 9:19 a.m. New York time, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
The biggest U.S. maker of pickles and non-dairy powdered creamer sold $400 million of eight-year, 7.75 percent securities that priced at par in its debut offering on Feb. 19, according to data compiled by Bloomberg. The Westchester-based company issued the notes to help finance its pending acquisition of Sturm Foods Inc., according to a statement distributed by PR Newswire.
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