2nd Jul 2020 18:40
B&M European Value Retail SA - Luxembourg-headquartered variety retailer - Prices GBP400 million aggregate principal amount of 3.625% senior secured notes due 2025. Secures new senior credit facilities, which will include a GBP300 million term loan A facility and a GBP155 million revolving credit facility. Proceeds from the offering of the notes, together with the new term loan A facility and cash on hand, will be used to repay all amounts outstanding under the existing senior facilities and to redeem and repay in full the company's existing 4.125% senior secured notes due 2022.
Current stock price: 429.90 pence
Year-to-date change: up 6.0%
By Tapan Panchal; [email protected]
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