09:50 AM EST - SunOpta Inc. : Announced that following a review and analysis conducted by a special committee of independent directors of its board of directors, it has entered into a financing agreement with funds managed by Oaktree Capital Management, L.P. and Engaged Capital, LLC, leading alternative investment management firms, which invest in companies with strong, defensible franchises. Under the agreement, Oaktree and Engaged will invest up to a total of $60 million U.S. in SunOpta in the form of exchangeable preferred shares. Proceeds from the equity investment will be used primarily to invest in the Company’s plant-based foods and beverages business, principally to add capacity via capital projects and to provide incremental liquidity given the current general economic uncertainty. SunOpta Inc.
shares T.SOY are trading up $0.20 at $3.02.
