25th Jun 2014 17:05
LONDON (Alliance News) - Debenhams PLC said Wednesday that it had priced its offering of GBP225 million Senior Notes due 2012 at 5.25%.
The size of the offering has been increased from its previously announced GBP200 million offer.
Debenhams said the offering is expected to close July 2, and the proceeds from the offering will be used to prepay credit facilities and pay fees and expenses related to the offering and sale of the notes.
Shares in Debenhams closed down 0.7% at 69.10 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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