Top searches

PL

Resources

B2RLaw advises on large international GBP 475 million refinancing

30/11/2020

B2RLaw has advised a consortium of banks, Goldman Sachs International and Barclays as global coordinators and joint bookrunners, and HSBC and NatWest Markets as joint bookrunners on Boparan Finance plc’s GBP 475 high yield Senior Secured Notes offering.

Boparan Finance plc is a subsidiary of the 2 Sisters Food Group, a UK originating 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 its president and board member, and Baljinder Kaur Boparan, his wife.

The new financing package also includes a new GBP 80 million revolving credit facility. The notes offering and new revolving credit facility are part of a full structure recapitalization of the group.

B2RLaw provided full Polish advice to the banks, working closely with lead international counsel to the banks, Ropes & Gray. Paul Hastings acted as lead international counsel to the Company.

B2RLaw’s team was led by Partner Szymon Syp with Partner Przemysław Krzemieniecki and Senior Associate Iga Wojtczak – Opala in support.

Szymon advises, “we are very pleased to have worked on this transaction and congratulate all the parties and advisors involved. This year has been especially tough on the food production and restaurant industries. However, the recent announcement of COVID-19 vaccines being highly effective has meant that the international bond market is hot now, as markets see light at the end of what has been a long dark tunnel. This bond issue will help 2 Sisters Food Group continue its operations and prosper.”

View more resources

Catch up on the very latest B2RLAW
announcements and news here.

17/12/2024

European Commission Report ”VAT AFTER VIDA” REFLECTIONS ON THE FUTURE OF VAT

What changes in the VAT Directive should be taken into consideration by the new European Commission?  What is the vision […]

MORE
13/12/2024

B2RLaw develops recommendations for future EU VAT changes

The 38th plenary meeting of the VAT Expert Group (VEG) began a few hours ago in Brussels. During today’s meeting, […]

MORE
04/12/2024

Jan Sarnowski co-hosting ”Distributed Profit Taxation – Polish and Worldwide Perspective” conference at SGH

Jan Sarnowski, Head of the Tax Department at B2R Law and Managing Director of the Centre for Fiscal Studies at […]

MORE
18/11/2024

B2RLaw at IFG Flagship Fraud Conference | 20-21 November 2024 London

Join us for the International Fraud Group’s flagship conference in London! Edyta Zalewska and Jakub Przybyliński won’t miss this unique […]

MORE
12/11/2024

B2RLaw at ReBuild Ukraine: Construction & Energy 2024

We are attending the 4th International Exhibition & Conference ReBuild Ukraine Construction & Energy 2024 (13-14 November, EXPO XXI Warsaw). The event […]

MORE
25/10/2024

B2RLaw recommended in IFLR1000 ranking 2024

We are proud to announce that in this year’s edition of IFLR1000 ranking we have been recommended in 2 categories. Ranking by practice: […]

MORE

Get in touch

Not sure who to contact? Let us help you find the right lawyer.

This site uses cookies to improve your experience More information.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close