SIG PLC (LSE:SHI) is offering to buy back €300 million of its current debt, which is due in 2026, at face value as part of its refinancing. The process kicks off on Monday (October 14) and closes on October 22.
To fund this, the insulation group plans to issue new €300 million bonds due in 2029. The proceeds will also help with general business needs and costs related to this transaction.
Additionally, SIG has extended its existing £90 million credit facility until 2029.