Bumble Bee Foods Obtains $650 Million Senior Secured Term Loan and Amends and Restates Existing $200 Million ABL Credit Facility

August 18, 2017

Bumble Bee Foods, LLC, a portfolio company of S&C client Lion Capital LLP, obtained a $650 million senior secured term loan and amended and restated its existing $200 million ABL credit facility. Proceeds from the transaction are being used, among other things, to refinance Bumble Bee's existing notes.

Bumble Bee is North America's largest branded shelf-stable seafood company, offering a full line of canned and pouched tuna, salmon, sardines and specialty seafood products marketed in the United States and Canada.

The S&C finance team was led by Ari Blaut, John Anselmi, Daniel Loeser, Mateo Aceves, Stephen Childs and Courtland Morrice. Joseph Shenker, Steven Holley and Krishna Veeraraghavan advised on matters relating to the DOJ investigation and settlement. Michael Torkin advised on restructuring matters. Eric Wang, Michael Orchowski and Slki Hong advised on tax matters. Rebecca Coccaro and Michael Wiseman advised on employee benefits matters. Mehdi Ansari and Joshua Steinberger advised on intellectual property matters. Matthew Brennan advised on environmental matters. Robert Schlein and Justin Silver advised on real estate matters.