All Punch Pubs Co articles – Page 10

  • Punch logo
    News

    Punch noteholder committee favours covenant waive

    2014-04-07T12:05:00Z

    A group representing senior Punch Taverns noteholders has signalled its acceptance of the pub company’s request to waive its covenant and avoid default on its debt securitisations

  • News

    Punch asks creditors to vote to waive covenant

    2014-04-07T07:48:00Z

    Punch Taverns has asked to meet its noteholders on 29 April to vote on requests to waive its covenant and avoid default on its debt securitisations

  • News

    Punch invests £1.1m in Sheffield pubs

    2014-03-26T07:28:00Z

    Punch Taverns, the tenanted and leased pub company, says it has invested £1.1m in its pubs in Sheffield in the past year

  • News

    Investor PPR Estates buys Punch pub

    2014-03-25T06:47:00Z

    A Punch pub in south London has been sold to a new sector investor PPR Estates

  • News

    Horan eyes more sites

    2014-03-13T07:44:35.203Z

    Mick Horan, former operations director for Ha Ha Bar & Grill and the Living Room, has told M&C Report he hopes to open at least three sites in the next 12 months, as he opens his first outlet under a student-friendly concept called Study Room

  • Punch logo
    News

    Punch targets restructure agreement in weeks

    2014-03-05T13:27:09.957Z

    Punch Taverns says it’s aiming to agree the terms of a consensual restructuring of its debt over the next few weeks

  • Punch logo
    News

    Punch demands Cable meeting

    2014-03-04T06:54:00Z

    Punch Taverns executive chairman Stephen Billingham has written to Vince Cable demanding a meeting after the Business Secretary’s ‘gaffe’ last week

  • Punch logo
    News

    Punch tells tenants it's business as usual

    2014-02-28T16:35:00Z

    Punch Taverns has moved to reassure its tenants that it’s “business as usual” at the company following the latest announcement on the company’s debt restructure

  • News

    Analyst: Default the more likely option at Punch

    2014-02-28T08:05:00Z

    Leading analysts have said that a default in one or both of Punch Taverns’ securitisations is looking the more likely outcome, after the group’s latest announcement on its restructuring proposals this morning

  • Punch logo
    News

    Punch warns on default; trading in line

    2014-02-28T07:16:00Z

    Punch Taverns has stated that it would default on its debt payments within 30 days of the 15 April covenant testing date if it fails to achieve its restructuring plan, and warned of the “material negative impact on the business” if its plan is not approved by stakeholders

  • Punch taverns The_Nuthall-45
    News

    Analyst corner

    2014-02-14T16:19:00Z

    Leading analyst Mark Brumby at Langton Capital looks at the decision by Punch Taverns to postpone the vote on its restructuring proposals

  • Punch logo
    News

    Bondholders: Alternative restructuring plan for Punch 'well advanced'

    2014-02-12T13:05:00Z

    A group representing senior bondholders of Punch Taverns has urged creditors to support its alternative restructure proposal, which it says is “well advanced amongst creditor groups

  • News

    Punch withdraws debt resolutions for more talks

    2014-02-12T07:06:00Z

    Punch Taverns has withdrawn its proposed debt restructuring proposals that were to be put to its creditors on Friday (14 February) “following feedback from a range of stakeholders”

  • Horts cinema from Young's
    Opinion

    Work that experience

    2014-02-10T07:34:00Z

    Consumers have become ‘value hunters’ and are increasingly willing to go extra lengths to get the best deal, making it more important than ever to build the relationship that will create brand loyalty. But with this loyalty comes further expectations

  • Punch logo
    News

    Punch reassures tenants over deposits

    2014-02-07T16:45:00Z

    Punch Taverns has said it is unable to guarantee that tenants’ security deposits will be secure in the result of a potential default on its debt, but has suggested it would be extremely unlikely that an administrative receiver would not protect the funds

  • Punch logo
    News

    Punch dismisses tenant buy-out rumours

    2014-02-07T07:53:00Z

    Punch Taverns has “categorically” dismissed rumours claiming it has allowed tenants to buy outside the tie, ahead of the noteholders’ vote on its debt restructuring proposals next week

  • Punch logo
    News

    Punch bondholders eye alternative restructure plan

    2014-02-06T08:00:00Z

    Alternative debt restructure proposals for Punch Taverns are being drawn up by representatives of the pub group’s bondholders, according to The Telegraph

  • Punch logo
    News

    Next few days 'crucial' for Punch

    2014-02-05T07:13:00Z

    The next few days will be some of the most important in the history of Punch Taverns, the group’s executive chairman Stephen Billingham has said as it nears the date where noteholders vote on its debt restructuring proposals

  • Punch logo
    News

    Cerberus acquires further Punch portfolio

    2014-01-31T16:42:00Z

    Cerberus Capital Management, the US private equity owner of Admiral Taverns, has acquired a further 32 pubs let to Punch Taverns from Nick Leslau’s Prestbury Holdings, in a deal valued at c£30m

  • Punch taverns The_Nuthall-45
    Opinion

    Punching to a standstill

    2014-01-30T06:59:00Z

    Mark Brumby at Langton Capital takes a look at the latest on Punch Taverns’ attempts to push through its proposals regarding its debt restructure, the response from bondholders and asks, amongst other questions, whose court is the ball in now?