Retailer The Warehouse Group is considering a bond offer of
up to $100 million.
The Warehouse today said it intended using proceeds from the
offer for general corporate purposes.
Those purposes may include redeeming existing debt, extending
the tenor of the company's debt, placing funds on deposit,
advancing monies to, or making an investment in, a member of
the group, acquiring a new member of the group, or funding a
return of capital.
The offer of five-year senior bonds to the New Zealand public
was expected to open in late March.
Craigs Investment Partners had been appointed adviser for the
potential offer.
Further information on the proposed offer is to be provided
when The Warehouse's interim results are announced on March
12.
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