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UK Grocer Asda Seeks to Tackle Debt Wall With New Loan, Bond [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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Most Read from Bloomberg Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Trump Has Only $6.8 Million for Legal Fees With Trial Underway Stocks Climb as US Earnings Kick Into High Gear: Markets Wrap Russians Transform Dubai as They Flee Putin's War: Photo Essay Sea Billionaire's Wife to Buy Singapore Mansion for $31 Million Britain's third-largest supermarket chain is looking to raise £1.75 billion ($2.16 billion) through the bond sale, said the people, who asked not to be identified because they're not authorized to speak publicly about the plans. Separately, it is also marketing a €1.05 billion ($1.1 billion) term loan, according to an announcement seen by Bloomberg. A spokesman for Asda declined to comment. Asda is looking to refinance debt after the two Issa brothers teamed up with private equity firm TDR Capital LLP in 2020 to purchase a majority stake from Walmart Inc. in a high-profile deal that valued the storied group at £6.8 billion. A sharp increas
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