14th Oct 2024 19:41
SIG PLC - Sheffield-based building materials firm - Continues to make good progress on its strategic and operational initiatives announced earlier in October. In addition, continues to retain good levels of liquidity, which provides a solid base as the board evaluates its approach to the refinancing of the debt facilities ahead of their maturity dates. Invites eligible holders of its outstanding EUR300.0 million 5.25% senior secured notes due 2026 to tender any and all of their outstanding existing notes for purchase. Further, mandates bookrunners to carry out roadshows in connection with a proposed offering of EUR300.0 million senior secured notes due 2029. Concurrent with the bond offering, enters into an amendment and restatement agreement in relation to an existing revolving credit facility agreement dated November 2021. This continues to provide for total borrowings of up to GBP90 million with an extended maturity date of 2029. Read More
