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Iglo plans €750 million equivalent euro-, sterling-denominated notes
By Paul A. Harris
Portland, Ore., June 20 – Iglo Group plans to sell €750 million equivalent of high-yield notes in euro- and sterling-denominated tranches, according to a market source.
Timing and underwriter names have not yet been announced, the source said on Friday afternoon.
The company also intends to syndicate a maximum of €1.1 billion equivalent of term loan debt via Deutsche Bank, Credit Suisse and Nomura. The loan portion of the financing is set to launch at a bank meeting on Tuesday.
The Bedfont, England-based frozen food company plans to use the proceeds to refinance debt.
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