Bulmers maker C&C has raised around €140m in new debt in the United States private placement market. It comes a week after the group warned that profits would be affected by the spread of the coronavirus. The €140m in notes, which have not been secured against the company's assets, have maturities of between 10 and 12 years. Jonathan Solesbury, chief financial officer of C&C, said: "We are very pleased to have successfully completed our first US private placement, particularly against the backdrop of the current market uncertainty. Last week, C&C said Covid-19 will have a material impact on its performance in the current financial year (FY 2021), due to the decline in footfall.

Source: Irish Independent March 28, 2020 02:36 UTC