E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 5/13/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

DSG plans to use proceeds from revolver to refinance bonds due 2012

By Jennifer Chiou

New York, May 13 - DSG International plc announced that it intends to use the proceeds from additional financing under its new £360 million revolving credit facility to refinance its senior unsecured bonds due 2012.

The Hemel Hempstead, England-based electronics retailer said that the new facility will come into effect by Aug. 15 and will replace its existing facilities.

DSG added that if it raises at least an additional £100 million by November 2011, it plans to use those proceeds for the bond refinancing.


© 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.