Source - RNS
RNS Number : 6185T
KIRS Finco PLC
13 October 2017
 

13 October 2017

The Ardonagh Group Limited

 

The Ardonagh Group Announces New Issuance of Debt

 

Further to its announcement on 11 October 2017 stating the intention to acquire Carole Nash using a combination of new debt and existing liquidity, the Group confirms that it intends to issue to investors £55 million in aggregate principal amount of its 8.325% Senior Secured Notes due 2023. The Group expects to retain the notes proceeds in escrow pending the completion of the acquisition following regulatory approval.

 

 

 

-ENDS-

 

For further information please contact:

 

Kelly-Ann Knight

Email:   [email protected]

Mobile:                07717 866190

 

Justin Griffiths, Victoria Heslop or Chloe Rutland

Powerscourt, PR Adviser to Ardonagh

 

Email: [email protected] 

Tel:        020 7250 1446

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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