IN BRIEF: SIG says exploring possible tender offer for existing bonds
SIG PLC - Sheffield-based building materials firm - Responds to press speculation. Notes article regarding the potential refinancing of its EUR300 million bond, which is due to mature in November 2026. Says, as notified before, firm continues its evaluation of the optimal approach to the refinancing of the group's debt facilities ahead of their maturity dates. 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. Will make a further announcement as and when appropriate.
Current stock price: 20.65 pence, up 4.8% in London on Thursday
12-month change: up 18%
By Jeremy Cutler, Alliance News reporter
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