CSEAF - Clearwater to redeem 6.875% senior notes due 2025

In connection with the plan of arrangement by 12385104 Canada Inc., Clearwater Seafoods (CSEAF) announces conditional full redemption of the outstanding 6.875% senior notes due 2025 , pursuant to which the Purchaser, a company equally owned by Premium Brands Holdings Corporation and FNC Holdings Limited Partnership, will acquire all of the issued and outstanding shares in the share capital of the company. The notes will be redeemed on February 12, 2021 at price $1,051.56 per $1,000 principal amount of notes plus accrued and unpaid interest from November 1, 2020. The company intends to fund the redemption with available cash on hand and additional financing.

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Clearwater to redeem 6.875% senior notes due 2025