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Whitbread ( (GB:WTB) ) has issued an update.
Whitbread Group PLC has successfully priced £400 million in 5.50% Guaranteed Notes due in 2032. The funds from this bond issue will be used for general corporate purposes, including refinancing existing debt. The unsecured notes, expected to be rated BBB by Fitch Ratings, will be listed on the London Stock Exchange, reflecting the company’s stable credit position. This move is expected to support Whitbread’s financial strategy and provide flexibility in managing debt obligations.
More about Whitbread
Whitbread PLC operates in the hospitality industry, primarily focusing on hotels and restaurants. The company is known for its Premier Inn hotel chain and various restaurant brands, serving the UK market predominantly.
YTD Price Performance: -5.97%
Average Trading Volume: 862,567
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.87B
Find detailed analytics on WTB stock on TipRanks’ Stock Analysis page.
