International Workplace Group PLC – Zug, Switzerland-based provider of hybrid workspace under Regus and other brands – Increases the size of its 5.125% bonds due 2032 to EUR500.0 million from EUR300.0 million. The tap issuance will form a single series with the original bond and will be traded on the London Stock Exchange. The proceeds will be use for general corporate purposes.
On Tuesday, IWG said Mark Dixon, who founded the company in 1989 has moved to executive chair from chief executive officer, replaced as CEO by Christian Schmitz, who joined the company last year.
Current stock price: 183.70 pence, down 0.5% in London on Wednesday
12-month change: down 7.5%
By Tom Waite, Alliance News editor
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