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Pernod Ricard plans its first hybrid bond issuance and a partial tender offer for senior notes to address a negative rating outlook and upcoming debt maturities.
Pernod Ricard, the French spirits giant, is planning its inaugural hybrid bond issuance while simultaneously repurchasing some of its outstanding senior debt, Bloomberg reported. This move aims to address upcoming debt maturities, following a negative shift in the company's credit rating outlook and rising debt risks in France.
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