Colabor recaps with help of CDPQ and Fonds de solidarité FTQ
Colabor Group Inc has proposed a recapitalization strategy to reduce its debt and enhance its capital structure. The related deals include a $50 million rights offering fully backstopped by several investors, including Z-Holdings North ULC, Caisse de dépôt et placement du Québec (CDPQ), Fonds de solidarité FTQ and Investissement Québec. The proceeds of the rights offering will allow the company to reduce its indebtedness by about $47.5 million. Boucherville, Québec-based Colabor is a wholesaler and distributor of food and non-food products to markets in Canada.
14 July 2016•10 mins read
