ITEM 7.01. REGULATION FD.
On December 8, 2020, SunOpta Foods Inc. (the "Issuer"), a wholly owned subsidiary of SunOpta Inc. (the "Company"), delivered notice of conditional full redemption (the "Redemption Notice") pursuant to the Indenture, by and among the Issuer, the Company, the other guarantors named therein and U.S. Bank National Association, as Trustee and Notes Collateral Agent, dated as of October 20, 2016 (the "Indenture"), relating to the Issuer's outstanding 9.5% Senior Secured Second Lien Notes due 2022 (the "Notes").
The Issuer has elected to redeem all of the outstanding $223,500,000 in aggregate principal amount of the Notes on December 23, 2020 (the "Redemption Date") at a redemption price of 102.375% of the principal amount of the Notes (the "Redemption Price"), together with accrued and unpaid interest on the Notes to the Redemption Date, subject to the satisfaction or delay by the Issuer of the Condition (as defined below).
The obligation of the Issuer to pay the Redemption Price on the Redemption Date is subject to and conditioned upon the closing of the transactions contemplated by the Master Purchase Agreement dated November 25, 2020, among the Company and its subsidiaries, SunOpta Holdings LLC and Coöperatie SunOpta U.A., and Amsterdam Commodities N.V., as amended, modified or supplemented from time to time (the "Condition"), which are summarized in the Company's Current Report on Form 8-K dated November 25, 2020.
Pursuant to the terms of the Indenture, the Redemption Date may be delayed until such time as the Condition shall be satisfied or the redemption may not occur and the notice of redemption may be rescinded in the event that the Condition is not satisfied by the Redemption Date or by the Redemption Date as so delayed. As a result, there can be no assurance that the conditions precedent to the redemption will be satisfied and the redemption will occur on the Redemption Date or at all.
This report does not constitute a notice of redemption under the Indenture nor an offer to tender for, or purchase, any Notes or any other security.
The information in this Item 7.01 is furnished solely pursuant to Item 7.01 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act, if such subsequent filing specifically references this Form 8-K.