Barkby plans to refinance debt via 24-month instrument with 14% coupon

By Marisa Wong

Los Angeles, Dec. 19 – Barkby Group plc announced it intends to refinance its existing debt facilities through a private debt offering.

The company is proposing a 14% private debt instrument with a tenor of 24 months, according to a news release.

The instrument would be secured against the company’s wholly owned real estate state assets and its 75% shareholding in Cambridge Sleep Sciences.

Final terms remain subject to negotiation.

Investors and existing Barkby shareholders who wish to participate in the private debt offering should contact ir@barkbygroup.com, the company said.

Barkby is an Abingdon, U.K.-based company focused on real estate development and investment alongside its pubs business.

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