date:May 31, 2023
of term loan debt, as well as 1.1 billion (US$1.3 billion) from property related transactions.
The transaction does not materially alter Asdas existing leverage ratios and results in a pro forma net leverage of approximately 4.3 times after finance leases and ground rent liabilities.
As a result of EG UKI being almost entirely a freehold estate with 1.2 billion (US$1.488 billion) of property value, Asda states the transaction will not impact its freehold value. Following the transaction, it