GUS bondholders decide today on changing bond terms
Bondholders in UK retailer GUS faced a 4pm deadline today to approve the firm’s proposals for changing terms and conditions of three outstanding bonds: €600 million 2007, £350 million 2009 and £350 million 2013.
GUS outlined a demerger plan in March that would see its Argos and Experian divisions being independently listed on the London Stock Exchange and the three bonds becoming part of Experian’s debt.
If the proposals are approved, everyone voting, regardless of whether they vote yes or no
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