Fri 06/17/2022 13:02 PM
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Biscuit International's secondary loan coverage update from Reorg's EMEA Core Credit team.

Biscuit International’s earnings nosedived during the first quarter as the France-based private label biscuit producer’s margins crumbled under unprecedented raw material inflation hitting the food sector.

The group’s headline leverage still looks manageable while it has a healthy liquidity position and is not subject to its springing
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