Lenders given fortnight to digest United Biscuits loan

Investors have until July 10 to commit to United Biscuits’ £725m refinancing loan package. The debt, issued last Wednesday, was discussed at a bank meeting on July 1.

  • By Olivier Holmey
  • 04 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, ...

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