Agribusiness company IAWS is refinancing $250 million (€186 million) in debt through a private placement in the United States.
It is understood that the company is involved in refinancing a portion of its debt into longer-term funding following its takeover of Otis Spunkmeyer last year.
Bank of America Securities is arranging the private placement, which is expected to be in seven, ten and 12-year tranches.
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