KKR is working with bankers to explore a potential sale of Flora Food Group, the spreads business it acquired from Unilever, with the

Flora is pursuing a small asset sale, with proceeds in the €100-200m range. This should have no impact on the

Flora has completed the refinancing of its senior secured bank facilities, extending maturities to October 2030. Following these

As anticipated, following the extension of the revolving credit facility in October last year to October 2030, the company has now moved to

We had expected last week’s disclosure of preliminary results to be a precursor to discussions around extending the maturities of

The bonds have rallied since we established our position; however, we are maintaining the exposure as the underlying investment thesis

Flora have appointed Giangaddo Prati as CFO to replace Florence Naviner, who will retire in March 2026 after the closure of the

Flora has extended its revolving credit facility until October 2030. This is subject to the Senior Term Facilities also being extended to

Flora has priced its new €400 million senior unsecured bonds at 8.625%. The proceeds will be used primarily to redeem the remaining €300 million of

Flora is holding a roadshow later today. Details are emerging, but we expect it will be to refinance its outstanding sub bonds.

Flora has launched a process to reprice its $ Term Loan which currently pays S + 425bps.  As part of the transaction, Flora has released some

Flora’s reward for issuing more Senior Secured paper to take out subordinated paper was Moody's rating downgrade from B2 to B1, citing

Flora is tapping their 2029 notes with an additional €250m bonds, with Use of Proceeds used to redeem the 2026 $ and Euro bonds. The 2029 bonds

Formerly known as Upfield, the Dutch edible spreads business launched a €100 million add-on to its existing 6.875% senior secured notes at

In line with the sunny weather, the company decided to tap the strong primary market and launch a €400 million senior secured notes

Reports in the press on a proposed sale of Upfield at US$ 10 billion to an Abu Dhabi sovereign wealth fund (ADQ) which were cancelled were beyond