Financing Secured for SunOpta’s Acquisition of Sunrise Holdings

October 13, 2015

New York, NY — Paul Hastings LLP, a leading global law firm, announced today that the firm advised the term loan lenders and the equity underwriters in the financing for the acquisition of Sunrise Holdings (Delaware), Inc. and certain of its affiliates (“Sunrise”), a leading processor of conventional and organic individually quick frozen fruit, by SunOpta Inc. (Nasdaq:STKL) (TSX:SOY), a leading global company focused on organic, non-genetically modified and specialty foods.

Paul Hastings represented Bank of Montreal as joint lead arranger and bookrunner and administrative agent in connection with a $330 million senior secured second lien term loan and the underwriters in connection with a $100 million public offering of common shares by SunOpta Inc. The proceeds of the senior secured second lien term loan and the public offering of common shares, together with other funds were used to finance the acquisition of Sunrise and pay related expenses.

Leveraged Finance partners Mike Michetti, Joel Simon and Scott Saks led the Paul Hastings team, which also included of counsel Jacob Minas and associates Joseph Fastiggi, Heidi Spalholz, Felicia Yen, Cecilia Wang, Mitchell Zuckerman and Katrina Olsen.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.