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Bonduelle announces its comeback to the US Private Placement market through the successful refinancing of Ready Pac Foods acquisition.

Bonduelle finalized, under particularly attractive conditions, the refinancing operations associated with the acquisition of Ready Pac Foods.

On March 21st, Bonduelle announced that it had fully completed the acquisition of Ready Pac Foods for a total amount of $ 409 million.

This operation was financed through a bridge loan of $ 279 million with an initial term of one year and a $ 130 million amortizing bank loan with a five years maturity.

This operation was carried out jointly with Crédit Agricole Nord de France and Crédit Agricole CIB. The successful syndication process with the pool of existing banks as well as with 3 new foreign banks, together with the particularly attractive margin conditions have led Bonduelle to increase the total amount of the bank loan from $ 130 million to $ 200 million.

At the same time, looking for additional maturity, Bonduelle issued on July 6, 2017, a new Private Placement in the US market (USPP) split into 2 tranches of respectively € 150 million and $ 50 million. These two tranches both have a maturity of 10 years and bring the group’s total debt average maturity to almost 5 years.

 

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RP carrées Netco Group
63, rue d'Angleterre
59000 Lille

Vanessa VAZZAZ : 03 28 52 07 42
www.rp-carrees.com


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