Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 07-01-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Premier Foods Refinancing and Extension of Securitisation Programme | Industry: | Food Producers |
| Description: |
Slaughter and May advised Premier Foods on the refinancing and extension of its existing receivables securitisation programme, which was due to expire on 30 March 2014. The receivables securitisation programme was amended to, amongst other things, extend the availability period, increase the available funding from GBP100 million to GBP120 million, reduce the interest margin and improve the advance rate. Premier has described the transaction as an important step in its development of a long term and sustainable capital structure.
Financing: Stephen Powell (partner), Robert Byk (partner), Susan Hughes (associate), Amy Lee (associate), Smriti Sriram (trainee).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Originator | Law Firm | Slaughter and May |
| Assets Jurisdiction | United Kingdom | Issuer Jurisdiction | United Kingdom |
| Classification: |
Securitisation and Structured Finance Trade Receivables |
Lawyer | Stephen Powell |
