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Analysis

Young’s ‘confident’ over liquidity post Findus-Nomad deal close

Owners plan to use £400m in cash from sale of Findus units to Nomad to redeem £372.2m senior secured notes plus interest, leaving Young’s with ‘ample liquidly’

By Tom Seaman | Oct. 29, 2015 10:03 GMT
Young's Gastro product
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The owners of Findus Group plan to use the £400 million cash proceeds from the sale of the Southern Europe and Nordics units to Nomad Foods to redeem two high interest notes, which will leave the remaining business, Young’s Seafood, with “ample liquidity” [...]

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