G8 Education – Reduces Leverage after failed bid for Affinity
G8 Education Limited has announced the early redemption of $155m of Singapore Dollar Notes. These notes will be redeemed on 29 February 2016. The purpose of issuing these notes was predominantly for the acquisition for Affinity Education which subsequently did not proceed. In our last update we reiterated that downside risks to investors comes from increased debt to fuel an aggressive acquisition program [...]