French fresh-cut specialist Bonduelle has strengthened its financing by setting up a Revolving Credit Facility (RCF) amounting to some €300m, the company has revealed.
The RCF, which is set to mature in June 2017, is designed to provide the group with greater financial flexibility and increased liquidity at extremely competitive rates and to enhance its average financing cost, which is presently restricted at 3.5 per cent, while extending the maturity of its debt.
'This refinancing clearly shows the renewed support from the Group's past pool of banks, and also reveals the trust and interest of new financial partners,' Bonduelle stated in a press release. 'It will enable the group to pursue its activity development and international expansion.'
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