ITV plc (GB:ITV) has released an update.
ITV plc has initiated a cash tender offer to purchase its outstanding €600 million 1.375% notes due September 2026, aiming to manage its debt maturity profile efficiently and offer liquidity to note holders. The offer is contingent on the issuance of new notes under certain conditions and restrictions detailed in the tender offer memorandum. Notes purchased will be canceled and not reissued, with the offer potentially accepting up to €240 million in aggregate nominal amount, subject to scaling and pro rata basis if oversubscribed.
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