Supermarkets
Ocado to extend debt maturity by raising £600m in bonds
According to Ocado, net proceeds from the new bond issues – together with cash from its balance sheet if needed – would be used to fund the tender offer
Ocado has extended the maturity of its debt by raising £600m in bonds which are due for repayment in 2029, an announcement on the London Stock Exchange has revealed, in a bid to refinance a tender offer of existing bonds due in earlier years.
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