date:Jun 19, 2014
ill bear a rate of interest of 8% per annum.
Completion of the transaction is conditional upon the repayment in full of Specialty Powders' existing debt and the joint venture's entry into new specified financing arrangements. The joint venture is expected to benefit from a credit line of up to 10 million, the details of which will be finalised prior to completion.
The transaction will result in cash restructuring costs for Premier Foods of approximately 4m in 2014. A further 1m of capital expe