12th Nov 2021 09:34
IG Group Holdings PLC - London-based online trading platform - Completes debt refinancing exercise by issuing GBP300.0 million in senior unsecured bonds due 2028 at 3.125%. Also signs new GBP300.0 million revolving credit facility with initial three-year term. The facility can be increased to GBP400.0 million on request. At the same time, IG repays GBP125 million in revolving credit facilities and GBP250 million in term loans. Total available credit facilities rises to GBP600 million from GBP375 million. Barclays PLC, HSBC Holdings PLC, Lloyds Banking Group PLC and NatWest Group PLC are joint bookrunners for the bond issue and also provide the new revolving credit facility.
Current stock price: 786.00 pence, down 0.3% on Friday
Year-to-date change: down 8.9%
By Tom Waite; [email protected]
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