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Utz Brands Announces Continued Acceleration Of Supply Chain Transformation Strategy And Completes $630M Term Loan Repricing; Utz And Our Home Will Operate Under A Transition Services Agreement For Up To 12 Months, Total Consideration For The Transactio…

Disposition of two manufacturing facilities to Our Home™Total cash proceeds received of $18.5 millionNet cash proceeds to be deployed to reduce long-term debt and add cash to balance sheetOur Home™ to offer

UTZ

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Utz Brands To Introduce Long-Term Growth Strategy At 2023 Investor Day; Reaffirms Fiscal Year 2023 Outlook Of Net Sales Growth Of 2%-3% And Organic Net Sales Growth Of 3%-4%; Sees FY23-FY26 4%-5% Organic Net Sales Growth; ~16% Adj EBITDA margin in FY26

Will Detail Plans to Expand Power Brands Outside Core Geography and Transform Supply Chain to Fuel Margin Improvements;Will Introduce New Three-Year Financial Targets; andWill Reaffirm Fiscal Year 2023 OutlookUtz Brands,

UTZ