Wed 04/26/2023 04:52 AM
Valeo Foods’ debt has been changing hands, with hedge funds picking up the Ireland-based group’s loans as some investors sold out on concerns over the group’s recent underperformance, sources told Reorg.
The company’s EBITDA for the nine months ended December 2022, was down 23% year over year as it battled operational challenges in its U.K. confectionery business, including a labor
dispute over pay, terms and conditions, sources told Reorg. Leverage remains elevated at above 10x, while...
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