date:Jul 03, 2014
Private equity firm CVC is set to take around 160 million euros (218.25 million) as a dividend payment from its Belgium-based Continental Foods as part of a wider 425 million euro covenant-lite loan refinancing, banking sources said on Wednesday.
CVC acquired Continental Foods, the former European consumer food business of Campbell Soup, in October 2013 backed with a 320 million euro, all senior leveraged loan financing, according to Thomson Reuters LPC data.
The business includes brands of so