Premier Foods Plc (PFD) is close to agreeing 1 billion pounds ($1.6 billion) of new bank loans to help secure its future, the Sunday Times reported, citing unidentified sources close to the company.
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc are among 28 lenders expected to be part of the agreement, the newspaper said. The deal will extend Premier’s repayment deadline for a further three years beyond the current 2013 maturity, it said.
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