Punch averts cash trap with debt buyback

02 Oct 2008

Punch Taverns is to buy back part of its pub securitisation to avert a breach of its restricted payments trigger.

Punch sent out a notice this week to holders of the £125m ‘A3(N)’ floating rate notes of Punch Taverns Finance (Punch A), saying that it would pay 95% of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options