Labeyrie Fine Foods SAS, the French packaged food company, is marketing €275 million ($377.7 million) of seven-year bonds that may be priced to yield about 5.75 percent. A bond sale would be the first for the St. Vincent de Tyrosse-based company, Bloomberg data show.
Fitch Ratings has assigned the company with an expected Long-term issuer Default Rating (IDR) of 'B(EXP)' with Stable Outlook and has assigned the proposed senior secured notes a 'B+(EXP)'/'RR3' expected rating.
“The final ratings are contingent on the proposed refinancing of LFF taking place and the final terms conforming with those already received,” said Fitch.
“Failure
