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Tate & Lyle ( (GB:TATE) ) just unveiled an update.
Tate & Lyle PLC announced a multi-tranche debt offering totaling US$300 million and €275 million to refinance a bridge facility used for the acquisition of CP Kelco and for general corporate purposes. The debt issuance, which was significantly oversubscribed, is part of the company’s strategy to secure attractive long-term interest rates and maintain a balanced fixed/floating debt mix, thus extending their debt maturity profile.
More about Tate & Lyle
Tate & Lyle PLC is a company specializing in the food and beverage industry, focusing on providing speciality food and beverage solutions.
YTD Price Performance: 1.54%
Average Trading Volume: 1,239,477
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.9B
For a thorough assessment of TATE stock, go to TipRanks’ Stock Analysis page.
