Premier Plans [Pounds]300m Share Sale to Cut Debt ; Consumer

Evening Standard - London › January 12, 2009

Linked as:

Summary

DEBT-laden Hovis bread group Premier Foods is set to unveil plans for a [pounds]300 million share placing and rights issue to prevent what is Britain's biggest food producer collapsing under the weight of its [pounds]1.8 billion of borrowings.

Premier, whose brands also include Branston Pickle, Bisto, Sharwood's, Bachelors and Mr Kipling, is said to be under pressure to refinance its borrowing by the end of March.

See the full content of this document

Extract

Premier Plans [Pounds]300m Share Sale to Cut Debt ; Consumer

It is reported the compan...

See the full content of this document