Bakkavor looks for headroom with £150m HY bonds, £100m loans

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Bakkavor looks for headroom with £150m HY bonds, £100m loans

Bakkavor, a producer of fresh and prepared foods, is marketing a £150m high yield bond on Tuesday and Wednesday as part of its £250m refinancing. The seven year senior secured bonds, which will be callable after three years, will come alongside a new senior credit facility and a receivables facility.

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