Slaughter and May advised Premier Foods on the entry into a new £175,000,000 revolving credit facility

Slaughter and May advised Premier Foods on the entry into a new £175,000,000 revolving credit facility (the “RCF”). The RCF was entered into with an newly comprised lending group for an initial period of 3 years, with the option of requesting an extension of up to two additional two years.

In addition, Slaughter and May acted as English legal advisers to Premier Foods on the issuance of £330,000,0000 3.50% fixed rate notes due October 2026 (the “Notes”). The proceeds from the offering of the Notes will primarily be used to redeem the existing Fixed Rate Notes due October 2023 and to refinance the existing Floating Rate Notes due July 2022.

Slaughter and May worked closely with the Premier Foods in-house legal team and, in respect of the Notes, as an integrated team with Cravath, Swaine & Moore.

Financing
Robert Byk Partner
Susan Hughes Partner
Kevin Howes Associate
Teigan Betteridge Associate
Louise Sharkey Associate
Tax
Mike Lane Partner
Gabrielle Pereira Associate
Richard Liu Associate