Shearman & Sterling represented Bakkavör in connection with its £350 million high yield bond offering and £380 million senior credit facility. The proceeds of the offering and credit facility were used to refinance Bakkavör’s previously-existing credit facilities.

Bakkavör is a leading provider of fresh prepared food products for some of the UK's most well-known supermarkets, including Tesco, Marks & Spencer, Sainsbury’s, Waitrose, Asda and Morrisons, which then sell Bakkavör’s products to consumers under their own respective retailer brands.