British American Tobacco (BTI) has released an update.
British American Tobacco, through its subsidiaries BATCAP and BATIF, has launched a debt tender offer to repurchase up to £1 billion of its outstanding notes. The offer prioritizes according to specified levels and includes an early tender premium for notes tendered by an early deadline. This strategic financial move aims to optimize the company’s debt capital structure and reduce its overall debt using available liquidity.
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