date:Mar 06, 2014
The British maker of Mr Kipling cakes and Hovis bread, Premier Foods, has revealed plans to bolster its finances with a 1.1 billion restructuring package.
The St Albans-based company said that it will tap investors under a 353 million cash-call, while also raising another 475 million through a corporate bond issue to help tackle its 831 million debt pile and secure a new 300 million lending arrangement.
It has also agreed a more affordable funding plan for its staff pension scheme as it seeks