Just Group plc (GB:JUST) has released an update.
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Just Group plc has launched cash tender offers to repurchase three series of subordinated notes due in 2026, 2029, and 2031, aiming to optimize its capital structure and reduce debt refinancing risk. Holders of the specified notes are invited to tender their notes for purchase, with the company’s intention to use proceeds from a new note issuance to fund these purchases and finance sustainability projects. The repurchased notes are expected to be cancelled and not re-issued, potentially enabling the company to redeem remaining notes if certain conditions are met.
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