SIG plc (GB:SHI) has released an update.
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SIG plc has announced a strategic move to refinance its debt by inviting holders of its €300 million senior secured notes due 2026 to tender their notes at par, alongside a proposed offering of new €300 million senior secured notes due 2029. Concurrently, the company is amending its existing revolving credit facility to extend its maturity to 2029. These efforts are aimed at improving liquidity and are contingent upon the successful issuance of the new notes.
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