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.

16/05/2023

Andrzej Zając appointed as a Head of the Energy & Real Estate Practice in B2RLaw

Andrzej is an attorney-at-law with almost 20 years of professional experience. Andrzej is a lawyer focusing his practice on complex […]

MORE
17/04/2023

B2RLaw announces lawyer promotions

We are very pleased to announce five lawyer promotions in B2RLaw in its 2022/2023 promotion round. The lawyers that have […]

MORE
28/04/2023

B2RLaw at the IFG Asset Recovery Conference: 27-28 April in Toronto

Meet our B2RLaw team: Edyta Zalewska (Advocate, Partner) and Roman Iwański (Advocate, Partner) at the Annual Spring Members’ Meeting! We are […]

MORE
13/04/2023

B2RLaw recommended in the Legal 500 EMEA ranking 2023

We are proud to announce that in this year’s edition of The Legal 500 we have been recommended in 6 […]

MORE
04/04/2023

B2RLaw one of only 6 law firms in Poland recognized by Legal 500 in its Green Guide EMEA 2023

We are pleased to announce that B2RLaw has been inducted into the 2023 second edition of Legal 500’s Europe, Middle […]

MORE
28/03/2023

B2RLaw advises Bentley Systems’ Cohesive Group on its acquisition of Vetasi

B2RLaw has advised Bentley Systems, Incorporated, the infrastructure engineering software company, and its Cohesive Group digital integrator business, on the […]

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