According to Alliance News in a report from 2024, British American Tobacco PLC announced that its subsidiaries BAT Capital Corp and BAT International Finance PLC have started a bond repurchase program totaling £1 billion. The public tender offer is set to expire on May 13th, barring any extension or early termination. The company stated that the buyback initiative is aimed at optimizing its debt capital structure, utilizing existing cash flow to reduce debt.
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