Flora Foods Group  5.75% 15 May 2026

Business Description

Flora Foods Group (FFG) produces spreads, doing business in both developed & emerging markets across 69 countries. The company has a strong market position, with an 18% market share of the global butter & margarine business. Primary customers are large retail outlets, namely supermarkets.

Flora foods group was renamed to 'Upfield' and sold by Unilever to KKR for £6bn in 2018.

The company's product range includes:

  • Flora
  • I Can't Believe It's Not Butter!
  • ProActiv
  • Country Crock
  • Becel
  • Rama

Bond Information

Coupon

5.75%

Maturity Date

15 May 2026

Next Interest Payment

15 May 2020

Interest Period

6 months

ISIN

XS1813504666

Asset Security

Unsecured

Amount

€685,000,000

Call Schedule

15 May 2021 at 102.875
15 May 2022 at 101.438
15 May 2023 at 100

Status

Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name

Sigma Holdco B.V.

Industry

Consumer & Food

Country of Origin

United Kingdom

Year of Incorporation

1871

Ownership Status

Private Limited Company

Capital Structure

Senior Debt 73%

Equity 27%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public Company Information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Capital structure EBITDA is proforma, including remaining carve out savings of €54m.

Based on equity injection by KKR in 2018.

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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