Britvic puts squeeze on loans in Eu240m Fruité buy

20 May 2010

UK juice maker Britvic will use its outstanding bank facilities to fund a Eu237m acquisition of French firm Fruité that was announced on Tuesday.

The company will raise £93.7m ($134m) through a placement of up to 21.7m ordinary new shares, while the remainder will come from the company’s existing bank facilities. The combination should leave Britvic with a net debt to Ebitda ratio of below three times at the end of the ...

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