The Warehouse says it is considering raising up to $100 million of senior bonds through a public offer likely to open late next month.The general merchandise retailer would use the proceeds for general corporate purposes, which could include paying down d
The Warehouse says it is considering raising up to $100 million of senior bonds through a public offer likely to open late next month.
The general merchandise retailer would use the proceeds for general corporate purposes, which could include paying down debt, reinvestment, acquisitions or funding a return of capital to shareholders.
The company has yet to issue a prospectus and no money is currently being sought. Further details, including likely interest rates for the five year bonds, would be released when the company reports its half year results on March 12.
Craigs Investment Partners has been appointed advisor for the offer.
