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Warehouse Group plans $100 million sale of five-year bonds

Tuesday 9th February 2010

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Warehouse Group plans to raise $100 million by selling five-year bonds next month.

New Zealand’s largest retailer intends to use the proceeds for a number of general corporate purposes including redemption of existing debt, extending the term of its debt, or placing the funds on deposit. The monies may also be used for investments, acquiring new businesses or funding a return of capital, it said in a statement today.

In early January, Warehouse said sales over a nine week Christmas period had been flat, and that anticipated continued sales growth during that time didn’t materialize. Its management believe these results reflected the broad non-food retail sector overall.

The retailer anticipates that net profit to the six months ended January will be similar to last year’s $56.8 million, with final half year results to be announced in mid-March. Further information on the proposed bond offer will also be made at that time.

Craigs Investment Partners was appointed to manage the sale. Details of the interest rate payable haven’t been announced yet.

 

 

 

Businesswire.co.nz

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Get quotes for The Warehouse Group Limited Ordinary Sha (WHS)
NZX Annoucements for WHS
1 Sep 2010 RELINT: WHS: WHS - Staff Share Schemes
14 Jul 2010 RELINT: WHS: WHS - Staff Share Schemes
23 Jun 2010 GENERAL: WHS: Impact of 2010 Budget deferred tax changes
4 Jun 2010 RELINT: WHS: Ongoing Disclosure Notices (Walsh, Otten, Lewis, Powell)
3 Jun 2010 ADDRESS: WHS: Macquarie NZ Retail Day Conference Presentation
18 May 2010 QUARTER: WHS: Third Quater Sales Update
7 May 2010 RELINT: WHS: Ongoing Disclosure Notice (Lucas Nicholas Elias Bunt)
3 May 2010 RELINT: WHS: Ongoing Disclosure Notice (Robert Lanham Challinor)
3 May 2010 LISTING: WHS010: Listing & Quotation Notice (WHS010)
30 Apr 2010 GENERAL: WHS: The Warehouse approves employee share purchase scheme
28 Apr 2010 ALLOT: WHS: The Warehouse Group bond offer closes fully subscribed
22 Apr 2010 INTERIM: WHS: 2010 Interim Report provided
7 Apr 2010 RELINT: WHS: Ongoing Disclosure Notice (Keith Raymond Smith)
1 Apr 2010 RELINT: WHS: Ongoing Disclosure Notice (Lucas Nicholas Elias Bunt)
23 Mar 2010 INTEREST: WHS: STRONG INTEREST IN THE WAREHOUSE GROUP BONDS
15 Mar 2010 APPNDX7: WHS: Updated Appendix 7 - Record Date Change
12 Mar 2010 WAV/RULE: WHS: NZX Regulation- WHS - Waiver NZDX Listing Rule 11.1.1
12 Mar 2010 ADDRESS: WHS: 2010 Strategy Update Presentation
12 Mar 2010 ADDRESS: WHS: WHS Fixed Rate Bond Offer Roadshow Presentation
12 Mar 2010 GENERAL: WHS: The Warehouse Group Limited Bond Offer
12 Mar 2010 HALFYR: WHS: The Warehouse Group 2010 Interim Results Announcement
12 Mar 2010 ADDRESS: WHS: The Warehouse Group 2010 Interim Results Presentation
5 Mar 2010 GENERAL: WHS: Release Date - 2010 Interim Result
2 Mar 2010 RELINT: WHS: WHS - Staff Share Schemes
23 Feb 2010 GENERAL: WHS: THE WAREHOUSE GROUP - INVESTOR PRESENTATION SERIES
9 Feb 2010 GENERAL: WHS: The Warehouse Group Limited considers bond offer
5 Jan 2010 FORECAST: WHS: Trading Update
 
The Warehouse Group Limited Ordinary Shares

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