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SAGA Saga Plc

112.20
2.00 (1.81%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Saga Plc LSE:SAGA London Ordinary Share GB00BMX64W89 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.81% 112.20 111.80 113.00 114.80 108.20 108.20 349,019 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 581.1M -259.2M -1.8401 -0.61 158.33M

Saga PLC Plans GBP250 Million Bond Issue, Tender Offer and Loan Repayment

22/06/2021 8:53am

Dow Jones News


Saga (LSE:SAGA)
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By Ian Walker

 

Saga PLC said Tuesday that it plans to raise 250 million pounds ($348.4 million) via a bond issue, launch a tender offer for up to EUR100 million of existing bonds and repay a EUR70 million loan.

The U.K. provider of specialized products for the over 50's said the transactions, which are designed to boost its finances, are all conditional upon each other.

Saga said it has hired banks to carry out roadshows for the planned bond issue, which if it proceeds will be used to repay the existing loan and for general corporate purposes.

The company is also inviting owners of its 3.375% bonds due 2024 to tender up to GBP100 million of bonds.

Shares at 0716 GMT were down 4.20 pence, or 1%, at 417.80 pence.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

June 22, 2021 03:38 ET (07:38 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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