(Reuters) – Fast food chain Burger King UK is initiating discussions with lenders for a major refinancing to fund its business plan, Sky News reported on Wednesday.
The company, supported by private equity firm Bridgepoint, is reportedly seeking an additional 40 million pound ($51.93 million) borrowing capacity to finance the implementation of its business plan.
The refinancing also includes 110 million pounds of existing debt to be discussed with prospective lenders in the coming days, the report added.
($1 = 0.7702 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Alan Barona)
