Deals this week: Abigrove, Integrated Beverage Group, Unilever, Coca-Cola Beverages Florida

28 April 2016 (Last Updated April 28th, 2016 18:30)

Abigrove has announced a senior, unsecured, guaranteed convertible bonds offering that carries a coupon rate of 0.5% per annum and a five-year maturity period.

Integrated Beverage Group

Abigrove has announced a senior, unsecured, guaranteed convertible bonds offering that carries a coupon rate of 0.5% per annum and a five-year maturity period.

The company plans to raise $200m through the offer, and the bonds will be guaranteed by Russian steel and mining company, Severstal.

Expected to be completed at the end of this month, the offering will help Severstal meet its corporate commitments.

The bonds can be converted into its global depositary receipts (GDRs) listed on the London Stock Exchange and carry a conversion price of $13.8.

Juggernaut Capital Partners has provided more than $20m of funding to Integrated Beverage Group Ltd.

The group is expanding its leadership team and product portfolio. Mike Salzberg was recently appointed as chairman, while Gary Turner joined the company as executive vice-president of sales.

Integrated Beverage also acquired Stone Wolf Vineyards in December 2015.

Unilever has announced it will issue fixed-rate notes with an interest rate of 0.5% per annum in an offering to be completed by the end of the month.

The company plans to raise €500m ($560.97m) through the eight-year maturity notes.

In a similar move, the company has also announced a €700m ($785.36m) public offering of 1.125% fixed-rate notes in a deal to be closed by April 2028.

Coca-Cola Beverages Florida will acquire four production facilities in Hollywood, Jacksonville, Orlando and Tampa from The Coca-Cola Company.

The deal is expected to be closed in 2017.

"Integrated Beverage also acquired Stone Wolf Vineyards in December 2015."

The company has signed a letter of intent to acquire the facilities in order to expand its business and strengthen its customer base in Florida, US.

Oberto Sausage Company's Nashville production facility will be acquired by The Harris Soup Company, a producer of premium soups and refrigerated ready-to-eat food.

The company will use the facility to produce branded and private-label products for club, retail and foodservice customers.

Oberto Brands is a family-owned business and a producer of meat snacks, including jerky, pepperoni and other smoked meats.

Operating as Harry's Fresh Foods, The Harris Soup Company plans to close the deal on 29 April and open the facility by the third quarter this year.


Image: Integrated Beverage Group has received funding from Juggernaut Capital Partners.