England's R&R Ice Cream to start roadshow Tuesday for €253 million five-year PIK toggle notes

By Paul A. Harris

Portland, Ore., April 29 - England's R&R Ice Cream plc plans to start a roadshow on Tuesday for a €253 million offering of five-year senior PIK toggle notes (/expected CCC+), according to a market source.

Barclays and Credit Suisse are the joint physical bookrunners.

The Rule 144A and Regulation S for life notes become callable in one year at 102.

The Leeming Bar, England-based ice cream manufacturer plans to use the proceeds to fund the acquisition of R&R Ice Cream.

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