IWG PLC on Thursday said it extended the maturity of its revolving credit facility.

The workspace provider said it has no debt maturing before November 2025, extended from a previous maturity in March 2025. Further, a £330 million acquisition bridge that had a maturity until September 2023 has been extinguished.

Looking ahead, IWG said it is cautiously optimistic for the rest of 2023 and ‘well-positioned to continue to take advantage of future growth’.

The company will release its half-year results on August 8.

IWG shares fell 5.9% to 131.70 pence each on Thursday morning in London.

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