Punch Reviews Options For £3B Debt

The U.K.’s largest pub company, Punch Taverns, will seek proposals to manage its £3 billion of debt.

The U.K.’s largest pub company, Punch Taverns, will seek proposals to manage its £3 billion of debt, RTT News reports. The company’s CEO, Ian Dyson, has been mulling a number of options, including making the company’s spirit division a separate listed company. Some private equity groups and trade buyers are also considering a possible sale of Punch pubs to bankers at Rothschild, which is advising bondholders owed £2.6 billion, adds The Guardian. Goldman Sachs and Blackstone are advising the company in the restructuring process.

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