TRG pays bill with debt and rights issue

The UK’s The Restaurant Group (TRG) has agreed to buy compatriot pan-Asian dining chain Wagamama, and is set to finance the bulk of the deal by raising £535m through new debt and a rights issue.

  • By Mike Turner
  • 30 Oct 2018

TRG’s offer values private equity owned Wagamama at an enterprise value of £559m, this includes Wagamama’s £202m of net debt.

The rest of the price tag for ...

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4 Standard Bank 1,125.64 2 5.40%

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5 Commerzbank Group 8,007.20 41 4.94%

Syndicated Loan Revenue - EMEA

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2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
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5 Deutsche Bank 21.89 32 4.14%