SOURCE: Premium Brands Holdings Corporation

Premium Brands Holdings Corporation

May 27, 2015 07:00 ET

Premium Brands Holdings Corporation Announces the Completion of the Redemption of Its 5.75% Convertible Unsecured Subordinated Debentures

VANCOUVER, BC--(Marketwired - May 27, 2015) - Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce that it has completed the redemption of its outstanding 5.75% convertible unsecured subordinated debentures due December 31, 2015 (the "Debentures"). Approximately $1.2 million aggregate principal amount of the Debentures were redeemed on May 26, 2015. The balance of the Debentures were converted by the holders thereof into common shares at a conversion price of $22.40 per common share, with each holder receiving 44.6429 common shares for each $1,000 principal amount of Debentures converted.

About Premium Brands

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company services a diverse base of customers located across North America and its family of brands and businesses includes Grimm's, Harvest, McSweeney's, Bread Garden Go, Hygaard, Hempler's, Quality Fast Foods, Direct Plus Food Group, Harlan Fairbanks, Creekside Custom Foods, Stuyver's Bakestudio, Centennial Foodservice, B&C Food Distributors, Shahir, Wescadia, Duso's, Maximum Seafood, SK Food Group, OvenPride, Hub City Fisheries, Audrey's, Deli Chef, Piller's and Freybe.

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