Lenders given two weeks to digest United Biscuits' loans

Investors have until July 10 to commit to United Biscuits' £725m refinancing loan package. The debt, issued last Wednesday, will be discussed at a bank meeting to be held later today (July 1).

  • By Olivier Holmey
  • 01 Jul 2013
It will substitute all-senior credit facilities for United Biscuits' second lien and mezzanine lines, and will neither pay a dividend to the company's owners nor increase the company's debt to Ebitda ratio. 
The sale of its KP Snacks business to German group Intersnack for around £500m last year, along ...

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