Valeo Foods wraps up €897m A&E

By Silas Brown
19 Aug 2020

Valeo Foods, the Irish food producer behind brands such as Jacob’s Cream Crackers and Rowse’s Honey, has closed an amendment and extension deal for its euro and sterling leveraged loans.

JP Morgan was physical bookrunner. Valeo Foods’ new loan package has two first lien term loan Bs in euros: a €32.3m four year tranche, priced at 375bp over Euribor, and a €407.7m seven year at 450bp.

On the sterling side, there is a £300m ($396m) seven year first ...

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