14th Jun 2007 09:46
Punch Taverns PLC14 June 2007 Punch Taverns plc(the "Company") Punch Taverns today announces that on the next interest payment date falling on16th July 2007, it is planning to redeem £460m of Floating Rate Notes issuedwithin its Punch Taverns Finance (Punch A) securitisation. This redemption willbe funded by the issuance of up to £825m of Floating Rate Notes from the Punch Asecuritisation for which marketing will commence later today. Formal notice toredeem the existing Punch A Floating Rate Notes will be issued once the new noteissuance closes, which is expected to be early July. The additional netproceeds will be used to reduce corporate short term bank debt. 14 June 2007 ENQUIRIESPunch Taverns plc 01283 501728 Giles Thorley Chief ExecutiveRobert McDonald Finance DirectorNeil Preston Company Secretary College Hill 020 7457 2020Justine WarrenMatthew Smallwood This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC