The over-50s specialist said the “unsecured” bonds, alongside several other financial transactions, would improve its “financial flexibility” by giving the company more liquidity, as well as extending the maturities of its debt and providing “greater headroom” against its banking covenants.
Saga moves to bolster finances with £250 million bond
Operators
Rob Gill
22 June 2021
Holiday and insurance group Saga has moved to boost its finances with the launch of a £250 million sale of new bonds to investors.
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