Jan. 7 at 9:26 PM
$FLO Here’s a **clear summary of what happened with **Flowers Foods (
$FLO) and the **Simple Mills acquisition — especially regarding debt and whether it’s an issue for the company:
PR Newswire
+1
🥖 Did FLO Take on a Bunch of Debt for Simple Mills?
Yes — the acquisition was financed almost entirely with debt.
FLO agreed to buy Simple Mills for about
$795 million in cash.
PR Newswire
To fund this, they originally secured a
$795 million term loan, but eventually issued new senior notes (longer-dated debt) and used some cash on hand instead of the original term loan.
SEC
After the closing, pro forma net debt jumped to around
$1.9 billion, with net debt/EBITDA expected around 3.1x–3.3x.
Benzinga
So yes — FLO took on significantly more debt to complete this deal.
