Travis Perkins To Redeem GBP250 Million Notes Due 2021

Fri, 20th Nov 2020 12:07

(Alliance News) - Travis Perkins PLC on Friday said it plans to redeem all of its outstanding GBP250.0 million 4.375% guaranteed notes due 2021.

The redemption price will be determined and notified to holders on the second business day in London prior to the December 18 redemption date.

The redemption follows pricing of the Northampton-based builders' merchant's GBP250 million "long" five-year bond on Wednesday last week at 3.75%, with that bond being used to refinance the 2021 notes.

Shares in Travis Perkins were up 1.0% at 1,3243.50 pence in London at midday Friday.

By Anna Farley; annafarley@alliancenews.com

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