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IN BRIEF: Ocado extends debt maturity with £100 million in 11% notes

ALN

Ocado Group PLC - Hatfield, England-based online grocery seller - Plans to place £100 million in 11% senior notes due 2030. These will form a single class with notes from a £300 million placement back in May. The move is intended to extend debt maturity and reduce leverage over time, Ocado says. As part of that effort, Ocado also will repurchase bonds due 2025 for an aggregate £80 million, leaving around £55.8 million of the 2025 bonds outstanding.

Current share price: 244.50 pence, up 0.4% in London on Wednesday

12-month change: down 31%

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