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Bakkavor calls £140 million of 8¼% senior secured notes due 2018
New York, March 30 – Bakkavor Finance (2) plc announced that it will redeem £140 million of its £331,921,000 of 8¼% senior secured notes due 2018.
The securities will be repaid at 104.125% of par on April 29.
Bakkavor will also pay accrued interest up to but excluding the redemption date.
Following the call, the company will have £191,921,000 of the notes outstanding.
The redemption is subject to funds being available under Bakkavor’s senior facilities agreement as amended and restated on March 27.
The issuer is a London-based manufacturer of fresh prepared foods.
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