Wednesday, 4 November 2009

Over the Hills?

I hear that the William Hill boys are out schmoozing the bond markets this week in an attempt to raise some cash for the embattled bookie. Apparently the presentation has been poorly received. Developing...

Update: the offer is for £200 - 250 million senior notes to pay down bank debt and "general corporate purposes". Presumably they've already spent the £350m rights issue cash from April, then.

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