IWG plc (GB:IWG) has released an update.
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International Workplace Group plc has bolstered its financial stability by successfully issuing a €575 million investment grade bond and extending debt maturity, while maintaining its overall level of debt. The company has engaged in strategic debt transactions, including a new $720 million revolving credit facility and reducing its convertible bond face value, all supported by a BBB (Stable) Fitch rating. Additionally, IWG confirms its commitment to maintaining an investment-grade rating and upholds its financial outlook for 2024, with no changes following the May update.
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