Boots Group concludes consent solicitation for senior secured notes
Boots Group has finalized a consent solicitation process regarding its 650 million euro and 375 million pound senior secured notes due in 2032.
Boots Group Finco L.P. and The Boots Group Luxco S.à r.l. have announced the completion of a consent solicitation process concerning their outstanding senior secured notes. The notes, valued at €650 million and £375 million respectively, have a maturity date of 2032.
Bondholders provided the necessary consent to amend the terms and conditions governing the debt instruments. The solicitation was launched to provide the issuers with increased operational and financial flexibility.
The results of the solicitation reflect the company's ongoing efforts to manage its balance sheet and align its debt covenants with current operational requirements. No further changes to the issuance terms were disclosed following the expiration of the period.