logo
  

Grainger Secures Senior Secured Bond - Quick Facts

Grainger plc (GRI.L) has issued a 350 million pounds senior secured bond at a coupon of 3.0% for 10 years. The Group said, following the recent equity raise, the net proceeds from the issue of the Bonds will be used to support Grainger's strategic growth plans, to continue to grow its PRS pipeline, and the repayment of a 200 million pounds short-term bank facility.

Grainger said it has continued to perform strongly since the interim results announcement on 14 May 2020. Rent collected on-time during May was 96%. Like-for-like rental growth remains robust, and occupancy levels were maintained over 97%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Freshpet Inc. is recalling a single lot of Freshpet Select Small Dog Bite Size Beef & Egg Recipe Dog Food citing the potential contamination with Salmonella, a bacterium, the U.S. Food and Drug Administration said. The product comes in 1 LB bags, with UPC code of 627975012939, lot code of 1421FBP0101 and sell by date of 10/30/2021. Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants' new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google's network, beginning August 3, 2021. The UK's competition regulator said Friday that it has secured commitments from Google to address concerns about the tech giant's proposal to remove third-party cookies from Chrome browser.
RELATED NEWS
Follow RTT