Sunny D sale-leaseback hits $58M

Sunny Delight Beverages Co. has sold and leased back three U.S. bottling facilities for a price of $58 million.

The deal's proceeds were used to pay down senior indebtedness, according to a press statement.

Angelo, Gordon & Co.'s Net Lease Group purchased the facilities, which are located in Anaheim, Calif.; Dayton, N.J.; and Atlanta, Ga.

Sunny D, which produces juice-based drinks in North America and Western Europe, is owned by Boston-based private equity firm J.W. Childs Associates L.P. Sunny D has its U.S. headquarters in Cincinnati, Ohio, and its European headquarters in Barcelona, Spain.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.