, UK

Wagamama Launches £150 mill Bond

Wagamama, the pan-Asian chain, has launched a £150 mill bond deal.

Split rated B-/B2, the proceeds were used to repay previous term debt and mezzanine facilities put in place when Duke Street Capital bought the chain in 2011.

According to S&P Capital IQ LCD, the bond was priced at 7.85%, and traded up on the break.

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