€445m Term Loan B trading above par at record high
THG PLC announced that its €445 million Term Loan B is trading above par for the first time since its March 2025 issuance, reaching its highest price since November 2021. This performance, which has seen the loan price increase by 500 basis points since January 2nd, 2026, reducing yield by approximately 1.3%, and outperforming the European Leveraged Loan Index by about 400 basis points, reflects increased lender confidence driven by successive positive trading updates.
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THG PLC ("THG" or the "Group") is pleased to report that its €445 million Term Loan B ("TLB") has this week traded above par for the first time since issuance in March 2025. Notably, this represents the highest trading price achieved by any THG TLB, including the Group's previous €600 million TLB, since November 2021, reflecting lender confidence following successive positive trading updates across 2025 and 2026.
The loan is trading significantly above the issuance price and the European Leveraged Loan Index, with the TLB price having increased by 500bps since 2nd January 2026, leading to a reduction in yield by c.1.3%. THG's TLB has outperformed the European Leveraged Loan Index by c.400 bps over the same period.
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