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Marks & Spencers PLC - London-based food, clothing, home and bank services retailer - Says it has tendered £107.2 million of £300.0 million 3.750% notes that are due in 2026, and that it has tendered £120.9 million of £324.6 million 4.750% notes due in 2025. This follows the invitation made to holders of outstanding notes to tender their notes for purchase by the company for cash in an aggregate nominal amount of up to the 2025 notes and 2026 notes maximum acceptance amount. The offers were announced in May 2023, and were made on terms and subject to conditions contained in the tender offer memorandum. The company also announces that the 2025 and 2026 notes final acceptance amount is expected to be set at £219.4 million in aggregate nominal amounts of notes. Current stock price: 186.85 pence, up 2.8% 12-month change: up 24% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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