Battle Looms over Control of Findus
date:Jun 18, 2012
o pay down senior debt and oustLion as equity owner.

In response, Lion has lifted the size of the capital injectionit proposed making in March. Lion and big mezzanine debt holdersnow plan to pump in 150m of new money, up from 125 million, aswell as 70 million of bridge financing, provided by JPMorgan.That would help pay down some of the group's 700m gross debtand reset some of the terms of the financing.
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