Thu 05/26/2022 12:24 PM
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French chilled dough and pancake maker Cerelia held a lender call Wednesday, May 25, to seek an amendment to its permitted debt covenants to be able to raise an €80 million loan guaranteed by the French state as well as implement a potential sale and leaseback transaction to shore up liquidity in the face of soaring input costs. In return, sponsor Ardian will provide an equity commitment of up to €25 million to maintain a minimum liquidity level, sources told Reorg.

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