Milcobel swaps crisis debt for term and revolving facilities

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By Mike Turner
19 Mar 2021

Milcobel, the Belgian dairy cooperative, has signed €166m in term and revolving credit facilities. The company has become the latest to refinance crisis debt taken out during the depths of the coronavirus pandemic.

Milcobel’s new bank debt has a five year maturity. Belfius, BNP Paribas, ING and KBC provided the loans. The new facilities will be used to repay debt the company took out during the worst of the pandemic, as well as capital expenditure, potential acquisitions and general corporate and ...

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