date:Oct 08, 2012
Completion of a 220-million capital restructuring of the parentcompany behind Young's Seafood, the Findus Group. has beenwelcomed as providing a strong platform from which to moveforward.
Under the terms, 220-million has been made available to thebusiness. A total of 125-million will be used to repay debt and25-million will be retained as working capital.It means lending will be reduced from 721-million to366-million, leaving Findus with a sensible and sustainable
capital structure from which