U.K. cereal manufacturer Weetabix is in talks with bankers for refinancing about £900 million of debt, Financial Times reports. The company is in talks with loan arrangers, including J.P. Morgan, to refinance about a portion or all of its debts.
In 2004, private equity fund Lion Capital bought Weetabix. The company also has operations in North America, South Africa, Germany and Spain and exports to more than 80 countries.
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