Alantra advises St Hubert on a €138mn refinancing

SECTORFood & Beverage

ServiceDebt Refinancing

Value €138mn

Apr 2024
Debt refinancing
Value €138mn

Paris – Alantra has advised St Hubert, a leading plant-based food specialist, on a €138mn refinancing. The new financing package, brought by a group of international banks, carries a tenor of up to seven years and aims to fully refinance the existing indebtedness while supporting St Hubert’s investment plan in its production facility in Ludres, France.

Established 120 years ago, St Hubert holds market leading positions in non-butter spreads and soy-based yoghurt alternatives across France and Italy.

As part of its next growth phase, St Hubert plans to invest substantially in its historic production facility based in Ludres to increase production capacity and introduce new products in France and abroad, while revamping certain existing products. Management is committed to reducing its carbon footprint by 63% over the next seven years, and the investment plan for the production facility is a cornerstone of St Hubert’s carbon reduction plan.

Jean-Christophe Sibileau, Chairman and CEO of St Hubert, said: “As we celebrate St Hubert’s 120th anniversary, we are very pleased to complete the new loan facility, which is an important step to allow the start of a new phase of sustainable development of St Hubert.”

Pierre-Louis Nahon, Partner and Head of Debt Advisory at Alantra, added: “We are delighted to support St Hubert on this landmark refinancing. Our global reach to debt providers, combined with our systematic approach in executing the transaction, led to an optimized debt structure aligned with St Hubert’s ambitions for the years ahead.”

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