Spanish food group Campofrio has closed its offering of EUR500m (US$731.9m) senior notes.
The note issue will allow Campofrio to “optimise and improve” its debt structure, extending its debt maturity profile beyond 2013. The 8.25% notes are due in 2016.
Campofrio said that the move would also allow it to integrate its financial structure following the merger of its operations with Smithfield’s European subsidiary Groupe Smithfield, which was completed in December last year.
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