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Premier Foods  (UK)

1800

Public

Status: Performing

All payments are on time


Coupon

L+5.0%

Current Yield

5.8%

*
Estimated Yield to Maturity

5.7%

**
Maturity Date

15 Jul 2022

Next Interest Payment

15 Jul 2019

Interest Payment Frequency

3 months

Industry

Consumer & Food

Amount

£210,000,000

ISIN

XS1619820324

Ratings

Moody's  B2, Fitch  B

Call Schedule

05 Jun 2018 at 101
05 Jun 2019 at 100


Business Description

Premier Foods is one of the UK's largest food producers, with approximately 95% of UK households buying one or more of their products every year.

The Company's segments include Grocery, Sweet Treats and International. The Grocery segment primarily sells savory ambient food products. The Sweet Treats segment sells sweet ambient food products.

Brands include Ambrosia, Angel Delight, Batchelors Soups, Bisto, Cadbury's cakes, Homepride, Lloyd Grossman, Lyons, Mr. Kipling, Oxo, Paxo and Sharwoods.

The business employs approximately 3,700 people and operates from 14 locations in the UK.

Capital at risk. No FSCS cover. See Risk Statement.

 

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