SIG plc (GB:SHI) has released an update.
SIG plc has successfully concluded its tender offer for its €300 million 5.25% senior secured notes due 2026, with €286.5 million worth of notes tendered and accepted for purchase. The company plans to settle the purchase by October 25, 2024, leaving €13.5 million in outstanding notes. This move is part of a broader financial strategy that includes the issuance of new 9.75% senior secured notes due in 2029.
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