Ocado Group (GB:OCDO) has released an update.
Ocado Group PLC has launched a cash tender offer for holders of its Convertible Bonds due 2025 and Senior Unsecured Notes due 2026, with the goal of managing its debt maturity profile and offering note holders an opportunity to liquidate their holdings. The offer is contingent on various conditions and the issuer reserves the right to modify the terms, including the total purchase amount. The tender commenced on 29 July 2024 and will conclude on 6 August 2024, unless altered by the company.
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