Saga launches bond offering to bolster finances ahead of cruise resumption By Reuters


© Reuters.

(Reuters) – Britain’s over-50 holiday group Saga on Tuesday launched a £ 250million ($ 347.20million) bond offering and said it would also extend its debt maturities to gain financial flexibility as it prepares to resume cruise operations.

The UK-listed company, which plans to restart cruises this weekend after being suspended for several months due to the COVID-19 pandemic, said it had mandated Barclays (LON 🙂 Bank, HSBC Bank, Mizuho International and NatWest Markets to carry out presentation tours of the offer.

($ 1 = 0.7200 pounds)

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