Orders roll in for Permira’s Findus deal after changes

Private equity house Permira, owner of Birds Eye Iglo, has already received several commitments after its existing lenders approved an amendment to the company’s outstanding facilities as part of the financing for a buyout of Italian frozen foods company Findus Italy from Unilever.

  • 06 Aug 2010

Over 80% of the company’s lending banks approved the addition of a Eu500m bullet term loan ‘D’, which will rank pari passu with Birds Eye Iglo’s existing senior debt.

"We already have orders coming in, and it’s a good mixture of existing lenders increasing their exposure and new ...

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1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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