date:Jun 23, 2014
to invest in these riskier deals due to a lack of other deals to invest in.
A loan backing the buyout of French veterinary pharmaceutical firm Ceva Sante Animale was Europe's first 'pure' covenant-lite loan earlier this year.
Iglo has struggled to meet the covenants on its existing debt and agreed to reset covenants in December 2013 after the company did not perform as well as expected.
Birds Eye was forced to withdraw some products in Britain and Ireland amid the horse meat scandal in Februa