LAKE SUCCESS, N.Y.,
Feb. 7, 2018 /PRNewswire/ -- The
Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic
and natural products company with operations in North America, Europe, Asia
and the Middle East providing
consumers with A Healthier Way of Life™, today
announced the closing of an expanded, unsecured $1.3 billion Senior Credit Facility led by Bank
of America Merrill Lynch and Wells Fargo Bank. The amended
and restated credit agreement and related commitments include a
$1.0 billion revolving credit
facility and $300 million term loan,
both of which are scheduled to mature in February 2023. The
revolving credit facility may increase by an additional
$400 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
multi-currency financial flexibility on the same pricing grid with
an extended maturity," commented Irwin D.
Simon, Founder, President, Chief Executive Officer and
Chairman of the Board of Hain Celestial. "Our financing
partners enable us to maintain operating flexibility with a solid
financial platform to support our growing business with working
capital and acquisition capital to support our strategic growth
initiatives."
The Hain Celestial Group, Inc.
The Hain Celestial
Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe, Asia
and the Middle East. Hain Celestial participates in many
natural categories with well-known brands that include Celestial
Seasonings®, Earth's Best®, Ella's Kitchen®, Terra®, Garden of
Eatin'®, Sensible Portions®, Health Valley®, Arrowhead Mills®,
MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's Organic Bakery®,
Gluten Free Café™, Hain Pure Foods®, Spectrum®,
Spectrum Essentials®, Walnut Acres Organic®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Better Bean™, Europe's Best®, Cully & Sully®, New Covent
Garden Soup Co.®, Yorkshire Provender™, Johnson's
Juice Co.®, Farmhouse Fare®, Hartley's®, Sun-Pat®, Gale's®,
Clarks™, Robertson's®, Frank
Cooper's®, Linda McCartney®, Lima®, Danival®, Happy®, Joya®
Natumi®, GG UniqueFiber®, Tilda®, JASON®, Avalon Organics®, Alba
Botanica®, Live Clean® and Queen Helene®. Hain Celestial has
been providing A Healthier Way of Life™ since 1993. For more
information, visit www.hain.com.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are predictions based on
expectations and projections about future events and are not
statements of historical fact. You can identify
forward-looking statements by the use of forward-looking
terminology such as "plan," "continue," "expect," "anticipate,"
"intend", "predict", "project", "estimate," "likely", "believe,"
"might", "seek", "may," "will", "remain", "potential," "can,"
"should," "could", "future" and similar expressions or the negative
of those expressions, or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical facts. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, levels of activity,
performance or achievements of the Company, or industry results, to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such
forward-looking statements, and you should not rely on them as
predictions of future events. Forward-looking statements depend on
assumptions, data or methods that may be incorrect or imprecise and
may not be able to be realized. We do not guarantee that the
transactions and events described will happen as described (or that
they will happen at all). Such factors, include, among
others, the Company's beliefs or expectations relating to the
expanded credit facility, including working capital and acquisition
capital to support its strategic growth initiatives, and the other
risks detailed from time-to-time in the Company's reports filed
with the United States Securities and Exchange Commission,
including the Annual Report on Form 10-K for the fiscal year ended
June 30, 2017, and our quarterly
reports. As a result of the foregoing and other factors, the
Company cannot provide assurances regarding the future results,
levels of activity and achievements of the Company, and neither the
Company nor any person assumes responsibility for the accuracy and
completeness of these statements. All forward-looking
statements contained herein apply as of the date hereof or as of
the date they were made and, except as required by applicable law,
the Company disclaims any obligation to publicly update or revise
any forward-looking statement to reflects changes in underlying
assumptions or factors of new methods, future events or other
changes.
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SOURCE The Hain Celestial Group, Inc.