UK cereal manufacturer Weetabix has reportedly started talks with bankers about a potential GBP900m (US$1.4bn) debt refinancing.

The Financial Times today (8 September) quoted sources that claim the company, which also produces Ready Brek and Alpen brands, is refinancing some or all of its debt.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, when contacted by just-food, Weetabix and its owner, private-equity firm Lion Capital, declined to comment.

Lion Capital acquired Weetabix in 2004 and has been linked to a possible US$2bn bid to buy US cereal manufacturer Post Foods.

Last week, Weetabix appointed a new CEO, Giles Turrell, who will leave paper goods company Kimberly-Clark.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now