ASOS plc (GB:ASC) has released an update.
ASOS plc has successfully restructured its financial instruments by exchanging and repurchasing Convertible Bonds, resulting in a net debt reduction of approximately £150m. This strategic move comes after the sale of a majority stake in the Topshop and Topman IP to a Joint Venture. The company now has £73.6m of Convertible Bonds due in 2026 and £253m due in 2028.
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