Report
Delphine Chauvin

Burger King France : New bond issue

Burger King France has just received € 240m for the sale of Quick and will use ~70% of this to upstream cash and repay the mezzanine debt of its shareholders. At the same time, the group has launched the refinancing of its bonds and the PIK notes at Newco GB with similar structures. In the end, these operations will not have any impact on the group's financial structure, and this is why S&P and Moody's have left their credit ratings unchanged at B3/B-. Nevertheless, they will all...
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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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