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    SAGA   GB00BMX64W89

SAGA PLC

(SAGA)
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Saga PLC Plans GBP250 Million Bond Issue, Tender Offer and Loan Repayment

06/22/2021 | 01:38am EDT

By Ian Walker

Saga PLC said Tuesday that it plans to raise 250 million pounds ($348.4 million) via a bond issue, launch a tender offer for up to EUR100 million ($119.2 million) of existing bonds and repay a EUR70 million loan.

The U.K. provider of specialized products for the over 50's said the transactions, which are designed to boost its finances, are all conditional upon each other.

Saga said it has hired banks to carry out roadshows for the planned bond issue, which if it proceeds will be used to repay the existing loan and for general corporate purposes.

The company is also inviting owners of its 3.375% bonds due 2024 to tender up to GBP100 million of bonds.

Shares at 0716 GMT were down 4.20 pence, or 1%, at 417.80 pence.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

06-22-21 0338ET

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Financials
Sales 2022 478 M 657 M 657 M
Net income 2022 22,4 M 30,8 M 30,8 M
Net Debt 2022 741 M 1 019 M 1 019 M
P/E ratio 2022 20,9x
Yield 2022 -
Capitalization 470 M 646 M 646 M
EV / Sales 2022 2,53x
EV / Sales 2023 1,49x
Nbr of Employees 2 506
Free-Float 70,7%
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Technical analysis trends SAGA PLC
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Mean consensus BUY
Number of Analysts 4
Last Close Price 335,40 GBX
Average target price 537,50 GBX
Spread / Average Target 60,3%
EPS Revisions
Managers and Directors
Euan Angus Sutherland Group Chief Executive Officer & Director
James Quin Group Chief Financial Officer & Executive Director
Roger Michael De Haan Chairman
Julius Christmas Group Director-Information Technology
Gilles Normand Chief Operating Officer
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