IWG hails extension of revolving credit facility to November 2025

Thu, 29th Jun 2023 10:14

(Alliance News) - 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 GBP330 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.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

24 May 2024 21:45

IN BRIEF: IWG confirms name change to International Workplace Group

IWG PLC - Zug, Switzerland-based provider of rentable workspaces for companies and individuals - Confirms name change to "International Workplace Grou...

24 May 2024 15:56

UK dividends calendar - next 7 days

14 May 2024 16:19

UK shareholder meetings calendar - next 7 days

7 May 2024 10:16

IWG maintains FY guidance, mulls US listing

(Sharecast News) - Flexible workspace provider IWG maintained its full-year guidance on Tuesday as it considers a US listing amid continuing margin gr...

7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday: