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B3 Living to refinance some existing bank debt with new notes proceeds
By Toni Weeks
San Luis Obispo, Calif., Feb. 27 – B3 Living Ltd. said it plans to refinance some of its existing bank debt with the proceeds from a private placement of notes arranged on Feb. 26 with investor M&G Investment Management Ltd., according to a company notice with the London Stock Exchange.
The refinancing will not include the repayment of any of the company’s £68 million of 4.823% bonds due Jan. 29, 2038.
B3 is a social housing provider based in Hoddesdon, England.
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