StockMarketWire.com - Drax Group priced its debt offering of U.S. dollar denominated bonds at about $200m.

The U.S. dollar denomited 6 5/8% senior secured notes, maturing in 2025 would yield 6.625% a year and issued at 101.5% of par.

The proceeds would be used to repay in part outstanding amounts drawn under the group's acquisition bank facility, to pay related fees and expenses of the bond offering.

'Drax continues to expect to refinance the remainder of the acquisition bank facility during 2019,' the company said.

At 9:34am: [LON:DRX] Drax Group PLC share price was +0.6p at 327.8p



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At 9:35am: [LON:DRX] Drax Group PLC share price was +0.6p at 327.8p



Story provided by StockMarketWire.com