Spain’s largest processed meat producer Campofrio Alimentacion said it is looking at different options to refinance its debt.
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The company’s debt totalled EUR460m (US$684.5m) at the end of June and is due in 2013.
A spokesperson for Campofrio told just-food that the company would consider a bond issue or new bank loans.
“We are thinking about refinancing. We are looking at every single option but for now there is no need to rush as we have until 2013. We are not in a hurry, we just want to see if we can get better options than what we have now,” the spokesperson said.
In the last year, Campofrio merged with the European subsidiary of US food company Smithfield Foods.
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By GlobalDataThe new company, to be known as Campofrio Food Group, will be listed on the Madrid and Barcelona stock exchanges.
