Mark Moran, Premier Foods' straight-talking finance director, said he was aware of the debt deal and the reputation of so-called vulture funds in the industry, but noted that the company was not worried.
He had met one fund, he said, and had been assured it was not planning to force the company into a back-door takeover.
"They told me that we can all make good money together," Moran said, not commenting on who the debt investor was.
"They are very shrewd and quite tough," he said. "But they are rational and sensible and as long as we deliver on the turnaround strategy we will be fine."
Moran also hinted that the company could look to the high yield market to refinance the company's £950m debts early.
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Premier is expected to bring net lending down to £870m by the end of this year, but will start paying around 7.5pc in financing fees as its lending requirements ratchet up.
"The bond markets are open and attractive—even to companies like ourselves, so it makes sense to look at our options."
Last year, Premier raised £370m from asset disposals from brands like Quorn and its pickles and sauces portfolio. It has also shaved off £48m of costs, with another £20m expected to be cut this year. Premier is now focussing on its key brand strategy, which focuses on the company's market leading products like Oxo gravy and Mr Kipling.
—By CNBC's Helia Ebrahimi