Report
Delphine Chauvin

Bertrand Franchise (Burger King France) : Bertrand Franchise launches an issue to redeem Burger King France bonds

Bertrand Franchise, which now includes Burger King France and the other major restaurant chains in the Bertrand Group (Au Bureau, Hippopotamus, Léon, Pitaya, etc.), is seeking to issue € 1.15bn in bonds maturing in 2030 (FRN+Fixed), which will be used to refinance Burger King France's senior secured bonds (€ 665m) and the PIK Toggle of its MidCo GB holding company (€ 235m). These have been rated B2/B by Moody's and S&P. Compared with Burger King France's SSN bonds, the investor w...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Chauvin

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