WHSmith completes refinancing package
The retailer announced the completion of a £200m issue of US Private Placement (USPP) notes and a bank term loan of £120m.
This is the company’s first issue in the USPP market, with the notes having a maturity of seven, 10 and 12 years. It comes alongside a three-year term bank loan of £120m, which could be extended to four and five years depending on lender approval.
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