date:Jun 23, 2014
Frozen foods maker Iglo Group has launched a 1.6 billion euro ($2.18 billion) covenant-lite loan and bond refinancing which will cut the company's borrowing costs and give flexibility for a potential IPO, banking sources said on Friday.
Iglo Group is owned by private equity firm Permira and is known as Birds Eye in the UK and Ireland and Findus in Italy.
Deutsche Bank, Credit Suisse and Nomura have been mandated to lead the deal, which will refinance existing loans, cut pricing and allow a pot