DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Bakkavor Group Completes Bank Refinancing

By Steve Wynne-Jones
Share this article
Bakkavor Group Completes Bank Refinancing

Prepared foods provider Bakkavor Group has announced the completion of a planned refinancing of its core group bank facilities, agreeing a new term loan and revolving credit facilities totalling £455 million (€489.6 million).

The group said that the facilities are due to mature in March 2024, with the option to extend their tenure by a further two years subject to lender approval.

They replace the group's existing £410 million (€449.3 million) term loan A and revolving credit of facilities, which were due to mature in June 2021.

The facilities have been provided by ten banks, including three new banks, and were co-ordinated by HSBC UK Bank plc and Coöperatieve Rabobank U.A, who together acted as joint book runners and joint mandated lead arrangers.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.