An announcement from WH Smith ( (GB:SMWH) ) is now available.
WH Smith PLC has successfully completed a £200 million issuance of US Private Placement notes and a £120 million bank term loan, marking its debut in the USPP market. This refinancing effort strengthens WH Smith’s balance sheet by diversifying its debt financing sources and extending its debt maturity profile, positioning the company advantageously ahead of the convertible bond maturing in 2026.
More about WH Smith
WH Smith PLC is a global travel retailer known for its presence in travel locations, offering a wide range of products including books, magazines, and convenience items. The company focuses on serving travelers through its retail outlets located in airports, train stations, and other travel hubs worldwide.
YTD Price Performance: -8.87%
Average Trading Volume: 223,766
Technical Sentiment Signal: Buy
Current Market Cap: £1.34B
For a thorough assessment of SMWH stock, go to TipRanks’ Stock Analysis page.