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SVG Capital prepays £1 million convertibles, £18.6 million loan notes
By Toni Weeks
San Diego, July 1 - SVG Capital plc said it purchased £1 million, or 0.9%, of its 8.25% convertible bonds due 2016 for cancellation.
Following the purchase and cancellation, £113.95 million principal amount of the bonds remains outstanding.
According to a company filing with the London Stock Exchange, SVG also prepaid about £18.6 million of its senior loan notes, leaving a balance of £163.6 million of the notes outstanding.
London-based SVG is a private equity investor and fund management business.
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