18th May 2018 17:26
LONDON (Alliance News) - Premier Foods PLC said Friday it has priced GBP300 million senior secured notes due 2023.
The offering, whose proceeds will be used to repay the outstanding GBP325 million senior secured notes due 2021 and certain administrative costs, is expected to close on June 4. The notes will be issued at par with a coupon rate of 6.250% per annum.
Shares in Mr Kipling cup cake maker closed up 0.5% at 37.95 pence on Friday.
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