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Share Price: 173.70

Bid: 173.50

Ask: 173.80

Change: -0.70 (-0.40%)

Spread: 0.30 (0.173%)

Open: 174.00

High: 175.60

Low: 173.00

Prev. Close: 174.40

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IWG hails extension of revolving credit facility to November 2025

Thu, 29th Jun 2023 10:14

(Alliance News) - IWG PLC on Thursday said it extended the maturity of its revolving credit facility.

The workspace provider said it has no debt maturing before November 2025, extended from a previous maturity in March 2025. Further, a GBP330 million acquisition bridge that had a maturity until September 2023 has been extinguished.

Looking ahead, IWG said it is cautiously optimistic for the rest of 2023 and "well-positioned to continue to take advantage of future growth".

The company will release its half-year results on August 8.

IWG shares fell 5.9% to 131.70 pence each on Thursday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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