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B2RLaw Advises on Boparan's GBP 475 Million International High Yield Bond Issue

B2RLaw Advises on Boparan's GBP 475 Million International High Yield Bond Issue

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B2RLaw, working alongside lead counsel Ropes & Gray, has advised a consortium of banks, including Goldman Sachs International and Barclays, as global coordinators and joint bookrunners, and HSBC and NatWest Markets as joint bookrunners, on Boparan Holding Ltd.’s GBP 475 million high yield bond issue of five-year (non-call two) 7.75% secured notes. The new financing package also includes a new GBP 80 million revolving credit facility. SK&S and Paul Hastings advised Boparan on the transaction.

According to B2RLaw, “Boparan is a UK-based food and restaurant holding group, and the largest food company in the UK by turnover supplying retailers such as Aldi and Tesco. It is one of the largest chicken producers in Europe. The company owns 44 manufacturing sites in the UK, Ireland, Netherlands, and Poland. The business is controlled by two shareholders, Ranjit Singh Boparan (widely regarded as the ‘Chicken King’), its president and board member, and Baljinder Kaur Boparan, his wife, who respectively hold 50.02% and 49.98%.” 

B2RLaw’s team was led by Partner Szymon Syp and included Partner Przemyslaw Krzemieniecki and Senior Associate Iga Wojtczak-Opala.

Editor's note: After this article was published SK&S confirmed that it had advised Boparan. The firm's team included Partner Marcin Olechowski, Senior Counsel Borys Sawicki, Associate Leszek Bialy, and Junior Associate Joanna Mroz-Bednarz.

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