LEVFIN SNAPSHOT: Pub Chain Stonegate Gains on Liquidity Boost
2020-11-20 13:24:10.602 GMT
By Libby Cherry
(Bloomberg) — Bonds issued by U.K-based pub chain
Stonegate jumped to the highest since they were issued in August
after the company announced it had priced an add-on to its
existing notes via a private placement on Thursday.
* Co.’s GBP500m bonds due July 2025 rise 1 penny on the pound to
99.4 pence: CBBT data compiled by Bloomberg
** NOTE: Pub Chain Stonegate Prices GBP120m Add-on to 8.25% 2025
** “As pubs are currently facing a one-month closure since Nov.
5, and are expected to reopen on Dec. 2, this issuance
strengthens the pub operator’s liquidity positions”: Spread
Research analysts in an emailed note to clients
* Altice’s EU600m bonds due Jan. 2025 dip 0.5 cents on the euro
to 97.1
** The co. reported 3Q results through Sept. 30: statement
*** Group revenue grew 3.2% y/y to EU3.8b on a reported basis
*** Adjusted Ebitda grew 5.1% to EU1.5b