IWG issues debut convertible to fund M&A

IWG, the London-listed operator of serviced offices and co-working spaces, has issued a £350m convertible bond as it prepares to take advantage of opportunities as the UK economy reopens after lockdown.
IWG, formerly known as Regus, said in a regulatory filing on Tuesday morning that it plans to pursue M&A opportunities in 2021, following strong operational performance during the pandemic.
An unrated issuer, IWG intends to use the proceeds of its debut seven year convertible bond to finance these ...Already a subscriber? Login