Flowers Foods Inc., known for its Wonder Bread, Dave’s Killer Bread, and Tastykake brands, sold $800 million of high-grade bonds to help finance its acquisition of natural foods brand Simple Mills Inc.
The Thomasville, Georgia-based company sold the bonds in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, yields 1.5 percentage points above Treasuries after initially discussing around 1.8 percentage points, said the person, who asked not to be identified as the details are private.
The firm is among three blue-chip firms that sold bonds Tuesday ahead ...
