British food distributor Brake Bros plans to sell a £175m (US$273.6m) bond.
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The group’s bankers said that the company will sell a £175m high-yield bond in the autumn.
The European Commission last week cleared the acquisition of Brake Bros by US-based private equity firm Clayton, Dubilier & Rice (CD&R) Fund VI for £434m. Brake Bros has agreed to the takeover in June.
The bond will come via lead managers JPMorgan and CSFB, the bankers said.
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