Jubilant Foodworks Releases Corporate Guarantee Following Subsidiary Refinancing
Jubilant Foodworks Limited has announced that a corporate guarantee, previously held by the company, has been released subsequent to the refinancing and repayment of an existing facility. The release followed actions taken by its wholly owned subsidiary, Jubilant FoodWorks Netherlands B.V. (JFN).The company confirmed that JFN had successfully utilized a new facility amounting to EUR 111,100,000. This action facilitated the repayment of a previous existing facility for which Jubilant Foodworks Limited had provided corporate guarantee(s).Prior to the completion of this process, the corporate guarantee(s) aggregated up to EUR 116,085,000. Upon the...