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Prospect News home > News index > List of issuers E > Headlines for Enterprise Inns plc > News item
Published on 10/24/2016 in the Prospect News High Yield Daily.

Enterprise Inns offers £150 million minimum of fixed-rate secured bonds due 2022

By Paul A. Harris

Portland, Ore., Oct. 24 – Enterprise Inns plc announced in a Monday press release that it intends to sell at least £150 million of fixed-rate secured bonds due 2022.

The company is tendering for £350,479,000 of its 6½% secured bonds due in 2018 and will only go forward with the new bond offer if it receives orders for at least £150 million of the notes due 2022.

BNP Paribas and Lloyds Bank plc are acting as dealer managers for the tender offer. Deutsche Bank AG, London Branch is acting as tender agent.

The deadline for the tender is Oct. 28.

Enterprise Inns is a leased and tenanted pub company based in Solihull, England.


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