Brief: IWG Issues Debut Euro Investment Grade Bond, Extends Debt Maturity Total Debt

International Workplace

28/06/2024 11:07

June 28 (Reuters) - International Workplace Group Plc
 IWG.L :
    * INTNL WORKPLACE GRP  REGUS PLC  - H1 2024 PRE-CLOSE AND
FINANCING UPDATE
    * IWG: ISSUES DEBUT EURO INVESTMENT GRADE BOND, EXTENDS DEBT
MATURITY TOTAL DEBT AND OUTLOOK UNCHANGED
    * IWG: NEW $720M REVOLVING CREDIT FACILITY ("RCF") DUE JUNE
2029
    * IWG - INTENDS TO USE PROCEEDS OF BOND AND ITS RENEWED RCF
FACILITIES TO REPAY CONVERTIBLE BOND AND REDUCE RCF DRAWINGS
    * IWG: REDUCED FACE VALUE OF £350M 0.5% CONVERTIBLE BOND
OUTSTANDING TO £231.7M
    * IWG: EXTENDED DEBT MATURITY THROUGH EUR 575M 6.5% DUE JUNE
2030

Source text for Eikon:  ID:nRSb3451Ua 
Further company coverage:  IWG.L 

 ((Reuters.Briefs@thomsonreuters.com;))