FDBusiness.com

Bonduelle Group, the world leader in processed vegetables, has established a Revolving Credit Facility amounting to Eur300 million. This line of credit, which was largely oversubscribed, is part of Bonduelle’s overall financing strategy and international expansion, which saw it announce three acquisitions earlier this year (Allens’ frozen facility plants in the USA, vegetables canning plants of Globus in Russia and Kelet-Food in Hungary).

This financial arrangement provides the group with greater financial flexibility, increased liquidity at extremely competitive rates and enhances its average financing cost, currently restricted at 3.5% while extending the maturity of its debt.