Bond Tender
09 Ottobre 2009 - 2:52PM
UK Regulatory
TIDMPUB
RNS Number : 5512A
Punch Taverns PLC
09 October 2009
Punch Taverns plc
(the "Company")
Punch Taverns announces the results of an invitation to tender, made in an
Invitation Memorandum sent on 2 October 2009 to holders ("Noteholders") of the
Class A8 Secured Floating Rate Notes due June 2033 issued by Punch Taverns
Finance B Limited (the "Notes"). This provided that the Company would purchase,
or would nominate another company to purchase, for cash certain of the Notes up
to an aggregate cost of purchase of GBP100,000,000 at or above a price of 80 per
cent. of the par value of the Notes.
The invitation to tender has been oversubscribed such that GBP148,937,000 in
outstanding principal amount of such Notes were offered for sale. Pursuant to
the terms of the Invitation Memorandum, the Company or its nominee has accepted
for purchase GBP102,154,000 in outstanding principal amount of such Notes at an
average cost of 97.9 per cent. of the par value of the Notes.
This notice is given by:
Punch Taverns plc
9 October 2009
Enquiries:
Punch Taverns plc
+44 (0)1283 501600
Giles Thorley Chief Executive
Officer
Phil DuttonChief Financial Officer
Ed Bashforth Head of
Corporate Finance
The Royal Bank of Scotland plc
+44 (0)20 7085
8056/3781
liabilitymanagement@rbs.com
Andrew Burton
Gianmarco Deiana
Smithfield Group
+44 (0)20 7360 4900
John Kiely
Alex Simmons
This information is provided by RNS
The company news service from the London Stock Exchange
END
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