Fri 01/21/2022 04:05 AM
Buysiders considering French private label biscuit manufacturer Biscuit International’s €205 million fungible 2027 term
loan add-on have highlighted the company’s falling volumes, sales and EBITDA, in addition to high net (pre-IFRS 16) leverage of 6x as concerns. The company is also exposed to inflationary raw material prices, they said. However, the €180 million equity injection from sponsor Platinum Equity, the expectation of a rebound in performance as the impact of the Covid-19 pandemic...
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