Latest Share Chat

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

21 Jun 2024 18:51

IN BRIEF: IWG prices EUR500 million of 6.50% bonds

International Workplace Group PLC - Zug, Switzerland-based provider of rentable workspaces for companies and individuals - Completes pricing of EUR500...

29 May 2024 16:07

Director dealings: IWG CEO sells big batch of shares

(Sharecast News) - Estorn Limited, an entity closely associated with IWG boss Mark Dixon, sold a hefty amount of shares.

29 May 2024 13:39

IN BRIEF: IWG CEO Mark Dixon sells GBP69 million in shares

International Workplace Group PLC - Zug, Switzerland-based flexible office provider formerly known as IWG and Regus - Chief Executive Officer Mark Dix...

29 May 2024 09:12

IWG slumps as CEO Dixon sells 35m shares

(Sharecast News) - IWG slumped on Wednesday after chief executive Mark Dixon sold 35m shares in the flexible workspace provider.

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...