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On 10 October 2024, SIG plc announced its response to press speculation, noting reports regarding the potential refinancing of its €300m bond due November 2026. The company stated it is exploring a potential tender offer for existing bonds, to be financed from the proceeds of a new bond issuance. SIG plc added there is no certainty that either transaction will be concluded or as to their terms.
| Date | 10 Oct 2024 |
| Time | 07:43:47 |
| Category | Corporate updates |
| ID | 6907H |
10 October 2024
SIG plc: Response to press speculation
SIG plc ("SIG", or "the Company" or "the Group") notes recent speculation in a press article regarding the potential refinancing of its €300m bond, which is due to mature in November 2026.
As indicated in the Company's recent trading update on 2 October 2024, the Board has continued its evaluation of the optimal approach to the refinancing of the Group's debt facilities ahead of their maturity dates.
In this regard, SIG is exploring a potential tender offer for its existing bonds, to be financed from the proceeds of a new bond issuance. There is no certainty that either transaction will be concluded, nor as to their terms.
The Company will make a further announcement as and when appropriate.
Contacts
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SIG plc |
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+44 (0) 114 285 6300 / [email protected] |
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Gavin Slark Ian Ashton |
Chief Executive Officer Chief Financial Officer |
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Sarah Ogilvie |
Head of Investor Relations |
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FTI Consulting |
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+44 (0) 20 3727 1340 |
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Richard Mountain |
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LEI: 213800VDC1BKJEZ8PV53
This announcement contains inside information for the purposes of UK MAR. The person responsible for arranging the release of this announcement on behalf of SIG is Andrew Watkins, Group General Counsel & Company Secretary.