Response to press speculation
SIG exploring tender offer for €300m bond due November 2026, financed by new bond issuance.
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.