Flora Food Completes Additional Notes Offering
02.27.25
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Simpson Thacher represented Flora Food and KKR in connection with a private placement of €175 million aggregate principal amount of additional 6.875% Senior Secured Notes due 2029. The transaction closed on February 26, 2025. The proceeds from the placement were used to repay a portion of Flora Food’s borrowings under its Senior Facilities Agreement.
Flora Food is a global leader in plant-based food, established in 2018. Flora Food develops, produces, distributes and markets plant-based dairy alternative products in over 100 countries across four core categories: Butters and Spreads, Creams, Liquids and Cheeses. Flora Food’s business is supported by a global distribution footprint, a highly efficient supply chain and a strong research and development team.
The Simpson Thacher team included Gil Strauss, Surya Bala, Ziang Zhou and Busra Kakdas (Capital Markets); and Jonathan Pall (U.S. Collateral).