12th Jun 2026 10:32
THG PLC - Manchester, England-based online retailer of sports nutrition and beauty products - Reports that its EUR445 million term loan B traded above par this week, for the first time since its issuance in March last year. Says this represents the highest trading price achieved by any of its TLBs, including its previous EUR600 million one, since November 2021. Believes this reflects lenders' confidence, in light of its "successive positive trading updates across 2025 and 2026." Adds that the TLB is trading significantly above the issuance price and the European Leveraged Loan Index, with its price up 500 basis points since January 2. This has led to a yield reduction of approximately 1.3%. Says it has outperformed the European Leveraged Loan Index by around 400 bps over the same period. Read More
