Pandriks
Squarefield acted as debt advisor to Pandriks on the successful refinancing to support further growth
On April 17, 2020, Pandriks successfully closed a refinancing of its capital structure and raised additional financing for the expansion of its production and warehouse facilities in Meppel. An international financing syndicate has provided a partially asset-based financing solution that substantially lowers the cost of financing and provides ample room for further growth. Pandriks has already started the construction of the production facility that is required to meet the growing demand of international retailers for its unique product.
Pandriks
Pandriks, founded in 2011 and headquartered in Meppel, is a leading EU player in the industrial bake-off segment with production facilities in the Netherlands and Germany. Based on a unique concept and production technology, Pandriks is able to produce a wide range of largely organic deep frozen stone oven baked baguettes and floor breads as well as a full MAP range based on sour dough, free from additives and E numbers which is sold at large European retailers.
Peter van den Berg – CEO of Pandriks“Squarefield has been instrumental in arranging this new financing for us. As a corporate you can benefit from their wealth of specific knowledge, network and experience as this is what they do on a day-to-day basis just as we know everything about high quality bread.”