Punch averts cash trap with debt buyback

  • 03 Oct 2008

Punch Taverns is to buy back part of its pub securitisation to avert a breach of its restricted payments trigger.

Punch sent out a notice this week to holders of the £125m ‘A3(N)’ floating rate notes of Punch Taverns Finance (Punch A), saying that it would pay 95% of ...

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