Enterprise Inns to cut froth on loans and issue bonds

By Ross Lancaster
22 Sep 2014

UK pub group Enterprise Inns plans to shake up its debt structure by refinancing loans at a tighter margin and issuing a new bond.

Enterprise wants to issue sterling fixed rate secured bonds due in 2023. But it will not bring the notes to market unless investors commit at least £200m to the debt.

The borrower is also offering to buy back £250m of secured notes with a 6.5% coupon from an ...

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