The supermarket giant said the refinancing deal has postponed the majority of its maturities past 2030
The supermarket giant, owned by Blackburn 's billionaire Issa brothers, said on Friday that it completed refinancing deals on around £3.2 billion worth of debt and pushed back the maturities on these past 2030. It will pay higher interest rates on the new bonds, the retailer said.
Michael Gleeson, Asda’s chief financial officer, said: “We saw strong demand from investors after taking a thoughtful and prudent approach to refinancing our near-term debt well ahead of maturities, to further strengthen our balance sheet.
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