Travis Perkins PLC - Northampton, England-based builders’ merchant - Launches cash tender offer for up to £125 million of its outstanding £250 million 3.75% guaranteed notes due 2026.

The company said the offer is part of efforts to manage its debt profile and improve liquidity. The offer expires at 1600 BST on April 9, with pricing to be set on April 10 and settlement expected on April 11.

Travis Perkins will pay an amount based on a 160 basis point spread over the UK Treasury benchmark, plus accrued interest.

Current stock price: 483.00 pence, down 2.2% on Wednesday afternoon in London

12-month change: down 33%

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