Bank of America, N.A. Announces New US$350 Million Senior Secured Asset-based Revolving Credit Facility in Favour of SunOpta Inc.

February 11, 2016

SunOpta Inc. and certain of its subsidiaries in Canada, the United States and the Netherlands closed a US$350 million senior secured asset-based revolving credit facility. The transaction was entered into by, among others, SunOpta Inc., as a Canadian borrower, SunOpta Foods, Inc., as a U.S. borrower, The Organic Corporation B.V., as a Dutch borrower, Bank of America, N.A., as a lender, the administrative agent and collateral agent for a syndicate of lenders, Rabobank International and Bank of Montreal, as co-syndication agents, JPMorgan Chase Bank, N.A., as documentation agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporation, Rabobank Nederland and Bank of Montreal as joint lead arrangers and joint bookrunners.

SunOpta Inc. is a leading global organic food company specializing in sourcing, processing and packaging of natural, certified organic and non-GMO food products. SunOpta's food operations revolve around value-added grain, seed, fruit and vegetable based product offerings, supported by a global sourcing and supply infrastructure. Proceeds from the offering were used for general corporate purposes.

SunOpta was represented by Wildeboer Dellelce LLP in Canada with a team consisting of Troy Pocaluyko, Chris Partridge and Steve Vasilevski.