Boparan next in line for stressed refinancing

Wingstop 575 375
By Silas Brown
16 Nov 2020

Boparan, the UK food production and restaurant business, began marketing a £475m high yield bond on Monday. The deal follows Aston Martin, Lowell and PureGym, three refinancings done in the past month for companies under stress as a result of the coronavirus pandemic.

Goldman Sachs International and Barclays are global coordinators and joint bookrunners, while HSBC and NatWest Markets are also joint bookrunners.

There was an investor call on Monday at noon for the five year senior secured deal, which is not callable for two years. If the debt is called at ...

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