Stonegate - comment

Mildly positive for the bonds today: the sale of Platinum pubs seems to be underway, as press reports that Terra Firma is among the bidders for a 1/3 slice of the pubs in that subsidiary. Guy Hands’ firm should be one of the usual suspects, having owned various pub chains over the years, even Unique until 2002. Bondholders will be glad to see movement in the process.