Wonder Bread Maker, Flower Foods, Selling $800 Million in Bonds

Flowers Foods Inc.—known for its brands Wonder Bread, Dave’s Killer Bread, and Tastykake—sold $800 million of high-grade bonds to help finance its acquisition of natural foods company Simple Mills Inc.

The Thomasville, Georgia-based company sold the bonds in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, yields 1.5 percentage points above Treasuries after initially discussing around 1.8 percentage points, said the person, who asked not to be identified as the details are private.