Interest on borrowings under this Facility accrue at the Company's option based on various reference rates including Canadian bank prime, U.S. bank prime and/or LIBOR, plus applicable margin, and it is anticipated that the Company will realize lower borrowing rates versus current facilities based on revised interest rate grids associated with the new Facility combined with the effect of the Company's improved financial position. The applicable margin is based on certain financial ratios, calculated in accordance with the terms of the Facility. The Company's obligations under the Facility are collateralized by substantially all of its assets in which a security interest may lawfully be granted. Additional details related to the Facility and a copy of the restated credit agreement will be set forth in the Company's Form 8-K to be filed with the SEC.



Eric Davis, Vice President and Chief Financial Officer of SunOpta Inc. commented, "We are extremely pleased to have finalized our new syndicated banking arrangements. Completion of this new three year financing arrangement is another important step for our Company as we continue to solidify our financial position. We believe this new Facility, combined with our ongoing focus on improving operating margins and return on assets employed and aggressively managing working capital will provide the Company with the liquidity and flexibility to support our long-term goals and commitments."