UK: Pub group W&DB proposes debt refinancing

Britain's Wolverhampton & Dudley Breweries proposed on Friday, July 8, a major debt refinancing by way of a securitisation of 530-805 million pounds ($920.6 million -- $1.4 billion) backed by part of its pub estate, according to Reuters.

"In addition, in order to retain flexibility, W&DB also proposes to put in place a new bank facility of at least 250 million pounds," it said in a statement.

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