Following the announcement on the 23rd May that the group was seeking to raise a 4-year senior secured non-convertible bond issue with a volume of approximately €50m the group has confirmed this morning that they have successfully raised the full amount, showing good investor appetite for the issue. The settlement date is expected to be in early July, we leave forecasts unchanged until this happens, and the acquisition is complete. The acquisition of TPP Wholesale is the group’s th
24 Jun 2019
Trading ahead of expectations, successful €50m senior secured bond issue
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Trading ahead of expectations, successful €50m senior secured bond issue
Team Internet Group plc (TIG:LON) | 139 -0.3 (-0.1%) | Mkt Cap: 359.3m
- Published:
24 Jun 2019 -
Author:
Bob Liao, CFA -
Pages:
3
Following the announcement on the 23rd May that the group was seeking to raise a 4-year senior secured non-convertible bond issue with a volume of approximately €50m the group has confirmed this morning that they have successfully raised the full amount, showing good investor appetite for the issue. The settlement date is expected to be in early July, we leave forecasts unchanged until this happens, and the acquisition is complete. The acquisition of TPP Wholesale is the group’s th