Pernod dilutes debt burden with disposals, rights issue

  • 09 Apr 2009

Pernod Ricard, the French distiller, announced a Eu1bn rights issue and a $575m sale of its Wild Turkey bourbon brand yesterday (Wednesday) as part of a plan to reduce the Eu11.5bn-equivalent syndicated loan it signed last year.

Pernod will use the proceeds to pay down its debt and ...

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