Saga readies debut sterling high yield bond
UK specialist insurance and travel provider Saga is set to price its first bond next week, a benchmark deal that is part of a refinancing of its financial structure.
Saga wants to sell a £250m seven year non-callable bond. It will combine this with a new £200m term loan and a £100m revolving credit facility to repay a £380m senior secured loan and an old £100m revolver.The bookrunners for the bond, which has expected ...
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