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End of an era for Punch as it preps HY bond to pay off securitization

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By Owen Sanderson
15 Jun 2021

UK pub company Punch Taverns has launched a £600m senior secured high yield, which will pay off its remaining securitization debt in the Punch 'B' securitization — the only remaining part of Punch’s giant £2.4bn stack of securitized debt, the focus of one of the UK’s most contentious restructurings back in 2014.

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By Owen Sanderson
15 Jun 2021