Business
Partial Redemption of 2027 Convertible Bonds
International Workplace Group plc announced the partial redemption of £136 million (swapped to $174 million) of its 0.5% convertible bond due 2027, with £4 million ($5 million) remaining outstanding. This redemption was funded from existing liquidity, leaving the company's net debt position unchanged and with no further financial debt maturities until 2029, aside from the remaining convertible bonds. Disclaimer*
About this update from International Workplace Group Plc
[{"type":"text","content":"\n\n \n\n \n9 December 2025\n \nPARTIAL REDEMPTION OF 2027 CONVERTIBLE BONDS\n \nInternational Workplace Group plc (\"IWG\" or \"the Company\") announces that £136m (swapped to $174m) in principal amount of IWG International Holdings S.à r.l.'s £350m 0.5 per cent convertible bond due 2027 (the \"Convertible Bond\") has been redeemed at par on 9 December 2025 following the exercise by certain bondholders of a redemption option pursuant to the terms and conditions of the Convertible Bond. The US dollar currency derivative on the notional amount of the Convertible Bond has been unwound simultaneously.\n \nFollowing this redemption, £4m ($5m) in aggregate principal amount of the Convertible Bond remains outstanding.\n \nRedemption was funded from existing liquidity resources.\n \nFollowing redemption, the Company's net debt position remains unchanged. Aside from the $5m outstanding Convertible Bonds, the Company has no financial debt maturities until the RCF in 2029.\n \nFurther information\nInternational Workplace Group plc\nCharlie Steel, Chief Financial Officer\nRichard Manning, Head of Investor Relations\n\n","length":2438,"tagName":"div"}]