| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Enterprise Inns plc > News item |
Enterprise Inns expects to price at least £200 million secured bonds with minimum 5¾% yield
By Paul A. Harris
Portland, Ore., Sept. 25 – Enterprise Inns plc expects to price new bonds on Tuesday with a minimum yield of 5¾%, according to a Thursday press release from the company.
As reported, the company stated in an earlier release that it plans to issue £200 million minimum fixed-rate secured notes.
The notes are part of the financing for a tender offer for the company’s £600 million of 6½% secured bonds due 2018.
Deutsche Bank AG, London Branch and Royal Bank of Scotland plc are dealer managers for the tender offer which expires on Monday.
The new bond deal will go forward only on the condition that demand for the new notes comes to a minimum of £200 million.
The prospective issuer is a Solihull, England-based leased and tenanted pub company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.