Premier Foods feeds on new refi package
UK food group Premier Foods has extended the maturities of its existing £733m term loan and £500m revolving credit facility from December 31, 2013 to June 30, 2016 after coming to an agreement with its banking syndicate, swap counterparties and pension schemes. The company has also delayed all amortisation payments until June 30 2014 — and got agreement from lenders for a big easing of its required debt to Ebitda ratio.
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