Pizza Express orders up £55m in extra dough
3 Articles
3 Articles
Pizza Express orders up £55m in extra dough
Pizza Express has secured a boost worth £55m after agreeing a refinancing deal which will significantly cut its debt. The restaurant chain has negotiated a £55m par debt paydown which will see its debt position reduced to £280m. As part of the deal, shareholders including Bain Capital Special Situations will inject £20m equity into the company’s parent company, Wheel Topco. Pizza Express added that it had received “strong support” to extend the …
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