UK foods giant Premier saved by loan deal

The UK’s largest food manufacturer Premier Foods has landed a crucial deal to renew more than £1bn (€1.2bn) of loans.

UK foods giant Premier saved by loan deal
Mon, 12 Mar, 2012 - 16:40

The UK’s largest food manufacturer Premier Foods has landed a crucial deal to renew more than £1bn (€1.2bn) of loans.

Premier hammered out a deal with its banks - including part-nationalised lenders Lloyds and Royal Bank of Scotland – which will see its repayment deadline extended from December 2013 to June 2016.

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