Chobani Announces $500 Million Private Offering of Senior PIK Toggle Notes

NEW BERLIN, N.Y., Oct. 15, 2024 /PRNewswire/ -- Chobani, LLC (the "Company" or "Chobani"), a next-generation food and beverage company that strives to deliver consistent, profitable growth by making high-quality, nutritious, and delicious food accessible to all while positively impacting communities and the world, today announced a private placement offering (the "offering") by Chobani Holdco II, LLC, an indirect parent of Chobani ("Chobani Holdco"), of $500 million in aggregate principal amount of Chobani Holdco's newly issued Senior PIK Toggle Notes (the "notes"). The notes will not be guaranteed on the issue date and will only be guaranteed in the future under certain limited circumstances. Completion of the offering is subject to, among other things, pricing and standard closing and market conditions.