BAT Announces £1 Billion Bond Repurchase

BAT by 2FIRSTS.ai

Apr.16.2024

BAT Announces £1 Billion Bond Repurchase

BAT Subsidiaries Begin £1 Billion Bond Repurchase, Aiming to Optimize Debt Structure and Lower Interest Payments.

According to Alliance News in a report from 2024, British American Tobacco PLC announced that its subsidiaries BAT Capital Corp and BAT International Finance PLC have started a bond repurchase program totaling £1 billion. The public tender offer is set to expire on May 13th, barring any extension or early termination. The company stated that the buyback initiative is aimed at optimizing its debt capital structure, utilizing existing cash flow to reduce debt.

References:

[1] Les unités BAT commencent à racheter des obligations pour un montant pouvant atteindre 1 milliard de livres sterling

Also Read:

[1] BAT Japan to Increase Non-combustible Tobacco Users to 50 Million by 2030

[2] BAT Extends Partnership with McLaren F1 Team, Unveiling MCL38 Design by Japanese Artist

[3] BAT's Strategy in Capital Markets and New Tobacco Products

[4] BAT Urges Stricter Regulations for E-cigarettes in the UK

#Europe #Traditional tobacco #United Kingdom #Market #Major companies

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