Sunny D sale-leaseback hits $58M

Assets sold to reduce debt

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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. ...