
UK - Refinancing of Saga paves way for IPO
Saga, the provider of services to older consumers, has been refinanced allowing its backers, Charterhouse, to repay all the company's debt and acquire new debt on more attractive terms. The refinancing is reported to have saved ТЃ32m on interest. It is likely that Charterhouse will attempt a ТЃ2bn listing for Saga in the near future.
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