True Potential refinances £225m as total debt sits at £1.1bn

The wealth management and advisory firm said it had used the proceeds to redeem its existing notes maturing in 2028. "It is a testament to the strength of the business that we have been able to refinance £225m of private notes, on a leverage neutral basis and above par," True Potential chief financial officer Ben Thorpe said. "It represents a strong vote of confidence from investors and shows a strong belief in True Potential's ability to create value and deliver further growth opportunities." Thorpe added that most of True Potential's debt now matures after 2030 and the refinancing p...