IWG plc (GB:IWG) has released an update.
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IWG plc has enhanced its financial agility by expanding its Investment Grade Bond to €625 million, repurchasing £25.5 million of its convertible bonds, and slightly reducing its net debt by $1 million. These strategic moves are aimed to bolster the company’s capital structure without impacting its stable Fitch rating of BBB. As IWG continues to monitor market conditions, further repurchases may be considered.
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