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Boparan Holdings issues £50 million of additional notes

December 07, 2021

London – Paul Hastings LLP, a leading global law firm, announced today that it has represented Boparan Holdings Limited and its group (the “Group”), in connection with the issuance of £50 million of additional senior secured notes due 2025 (the “Additional Notes”), issued by Boparan Finance plc. The Additional Notes are of the same class as the £475 million 7.625% senior secured notes due 2025 (the “Original Notes”) issued on November 26th, 2020 in the context of the Group’s refinancing.

This transaction further strengthens the relationship between Paul Hastings and the Group. Over the past two years, the Paul Hastings team led by partner Peter Schwartz, has advised the Group on various matters, including the issuance of the Original Notes, the entry into a £90 million revolving credit facility agreement, and the redemption of the Group’s £250 million 5.25% senior notes due 2019, playing a central role in the Group’s turnaround strategy.

 

Boparan Holdings Limited is the parent company for 2 Sisters Food Group with headquarters in Birmingham, a leading food manufacturer with strong market positions in Poultry, Meals and Bakery categories.

The Paul Hastings team was led by London based Finance partner, Peter Schwartz, with associates Riccardo Maggi Novaretti and Lorenzo Colombi-Manzi assisting.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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