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Frutarom Gets New Loan for FSI Acquisition
Posted: December 29, 2011
In a Dec. 28, 2011 article, StockMarketWire.com wrote that, through its US subsidiary, Frutarom signed an agreement for a $45 million loan, to be made available Jan. 2, 2012. The conditions of the loan include a time period of 13 months with interest of LIBOR plus 1.25%.
The story notes that the load was taken out by Frutarom to assist with the financing for the acquisition of Flavor Systems International (FSI), and this new loan replaces the short term loan Frutarom took for interim financing for the FSI deal.