date:Jun 18, 2012
Lion, a private-equity firm that has bought some of Findus'ssubordinated debt, has teamed up with two US hedge funds thatalso own the notes in a bid to prevent senior lenders fromtaking over the business, the newspaper said. Senior lendersinclude GSO, JPMorgan, Nordea, RBS and Socit Gnrale and theRoyal Bamk of Scotland.
Triton's 240 million ($371 million) offer would repay seniorlenders in full while wiping out the junior debt holders, theTimes said. Findus, which generated 1.1bn of sales in 20