|Bid||22.65 x 1000|
|Ask||22.69 x 800|
|Day's range||22.53 - 22.83|
|52-week range||9.84 - 23.72|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||N/A|
|Earnings date||05 Nov 2020|
|Forward dividend & yield||0.24 (1.05%)|
|Ex-dividend date||18 Dec 2020|
|1y target est||24.33|
Utz Brands, Inc. (NYSE: UTZ) ("Utz" or the "Company"), announced today the closing of its term loan refinancing. Initially contemplated as a $310 million add-on to the existing Term Loan B due 2024, following robust investor demand, Utz placed a new $720 million Term Loan B due 2028 (the "New Term Loan"), enabling the Company to extend its maturity profile and reset certain terms of its credit agreement. The New Term Loan, together with approximately $181 million in cash proceeds received from the redemption of all outstanding public warrants and forward purchase warrants, repaid in full the $490 million Bridge Credit Facility used to fund the acquisition of Truco Enterprises and the On The Border® brand, as well as refinanced the pre-existing $410 million Term Loan B due 2024.
The Zacks Analyst Blog Highlights: B&G Foods, Hershey, Monster Beverage and Utz Brands
Demand for consumer staples seems poised to remain stable as the pandemic drove certain changes, making it prudent to invest in names like Monster Beverage (MNST) and Utz Brands (UTZ).