UK: Wolverhampton & Dudley eyes GBP 500 mln securitisation via RBoS
Wolverhampton & Dudley Breweries PLC is close to appointing Royal Bank of Scotland Group PLC (RboS) to handle a GBP 500 million securitisation as part of a debt refinancing effort, the Times reported without citing sources.
The Times said the move is aimed at cutting the company's interest payments, which have risen sharply following a debt-fuelled acquisition spree. The company has announced three takeovers in the past year, lifting net borrowings to about GBP 770 million. Wolverhampton and Dudley and RBoS declined to comment, the Times said.
后退
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
