Daily Stock Setups

Imperial Sugar, SUGAR and Cargill receive USD100m financing for Louisiana sugar refinery

Posted on: Fri, 20 Nov 2009 05:19:00 EST

Symbols: IPSU

Are you looking to increase your ETF knowledge?

Nov 20, 2009 (M2 EQUITYBITES via COMTEX) --
IPSU | Quote | Chart | News | PowerRating -- Processor and marketer of refined sugar Imperial Sugar Company
(Nasdaq-NMS:IPSU), the Sugar Growers & Refiners(SUGAR) and Cargill, a
producer and marketer of food, agricultural, financial and industrial
products and services, on Thursday announced the successful closing of
a USD100m tax-exempt bond offering to finance the new construction of a
sugar refinery in the US.

The USD100m bonds were underwritten by Thornton Farish Inc and Natixis
Securities North America Inc.

ING Capital LLC was Sole Lead Arranger, Sole Bookrunner and Syndication
Agent. Natixis was Administrative Agent and Union Bank N.A was
Documentation Agent. Local involvement in the financing was through
First South Farm Credit.

The sugar refinery, which is reportedly the largest in US, is expected
to create about 500 construction jobs and 145 permanent jobs in the New
Orleans-Baton Rouge area.

The refinery will be built adjacent to Imperial's existing Gramercy
facility in the Gulf Opportunity Zone, under a federally-backed and
state-run programme designed to help the region recover from Hurricanes
Katrina and Rita.

The refinery is expected to cost USD120m, out of which Imperial, SUGAR,
and Cargill will each contribute USD30m to fund construction of the
refinery and for operations. The three entities will equally own the
refinery.

Comments on this story may be sent to admin@m2.com

For full details on Imperial Sugar Company (IPSU) IPSU. Imperial Sugar Company (IPSU) has Short Term PowerRatings at TradingMarkets. Details on Imperial Sugar Company (IPSU) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.