Vegetable firm Bonduelle Group has announced that it has finalised the refinancing operations associated with its recent acquisition of Ready Pac Foods in the US.
The operation was 'financed through a bridge loan of $279 million with an initial term of one year and a $130 million amortizing bank loan with a five years maturity,' the company said.
It was carried out jointly with Crédit Agricole Nord de France and Crédit Agricole CIB.
Bonduelle announced its acquisition of Ready Pac Foods for a total of $409 million back in February of this year.
Elsewhere, on 6 July, Bonduelle issued 'a new Private Placement in the US market (USPP) split into two tranches of respectively €150 million and $50 million. These two tranches both have a maturity of 10 years and bring the group’s total debt average maturity to almost 5 years', the company added.
© 2017 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.