British Land Company plc ( (GB:BLND) ) just unveiled an update.
British Land Company plc announced the indicative results of its cash tender offer for its outstanding First Mortgage Debenture Bonds due in 2035 and 2028. The company received tenders amounting to £78,162,500 for the 2035 Bonds and £90,927,415 for the 2028 Bonds. The New Financing Condition has been satisfied, and the company expects to set the Series Acceptance Amounts at £78,162,500 for the 2035 Bonds and £71,837,295 for the 2028 Bonds, with a scaling factor of 78.996% applied to the latter. This move is part of British Land’s strategic financial management, potentially impacting its liquidity and financial flexibility, while also reflecting its proactive approach in managing its debt obligations.
More about British Land Company plc
British Land Company plc is a prominent real estate investment trust in the United Kingdom, focusing on the development and management of commercial properties, including office spaces and retail centers. The company is a key player in the UK property market, catering to a wide range of corporate and retail clients.
YTD Price Performance: -0.11%
Average Trading Volume: 4,170,909
Technical Sentiment Signal: Buy
Current Market Cap: £3.6B
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