Food Union, one of Europe’s leading groups in ice cream and dairy production and distribution, is pleased to announce that Deutsche Bank will serve as its senior loan facility provider. The Group has successfully refinanced a total of EUR 125 million with Deutsche Bank, including access to a new EUR 20 million revolving credit facility provided in cooperation from Swedbank, resulting in a more favorable debt structure and increased flexibility of financial resources.
“One of our key milestones set out in 2024 was the successful refinancing with one of Europe’s leading banks. After thorough assessment of several financial institutions, we concluded an agreement on mutually beneficial terms with our trusted financial provider Deutsche Bank at the end of last year, finalizing the arrangements just recently. This achievement has not only granted us enhanced financial flexibility but also several strategic advantages that strengthen our competitiveness and support the execution of our growth initiatives across Europe in our home markets in Latvia, Estonia, Lithuania, Denmark, Norway and Romania,” says Arturs Cirjevskis, CEO of Food Union Europe.
Deutsche Bank is delighted to work with Food Union, which has a long-standing heritage of brands across multiple product categories with successful operating track records. The transaction exemplifies the collaboration of multiple specialist teams, and Deutsche Bank looks forward to continuing to support Food Union’s future growth.
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