X

Supercharge your investing

Investor Guide Icon

Premier Foods  (UK)

1800

Public

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

6.25%

Current Yield

6.1%

*
Estimated Yield to Maturity

5.5%

**
Maturity Date

15 Oct 2023

Next Interest Payment

15 Apr 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Consumer & Food

Amount

£300,000,000

ISIN

XS1823568248

Ratings

S&P:  B, Moody's  B2, Fitch  B

Next Call

15 Jun 2020 at 103.125
15 Jun 2021 at 101.561
15 Jun 2022 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.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
© wisealpha.com. All rights reserved