SIG plc, the Sheffield-based international building materials supplier, said on Thursday it “has continued its evaluation of the optimal approach to the refinancing of the group’s debt facilities ahead of their maturity dates.”

In a stock exchange statement, SIG said: “SIG plc notes recent speculation in a press article regarding the potential refinancing of its €300m bond, which is due to mature in November 2026.

“As indicated in the company’s recent trading update on 2 October 2024, the board has continued its evaluation of the optimal approach to the refinancing of the group’s debt facilities ahead of their maturity dates.

“In this regard, SIG is exploring a potential tender offer for its existing bonds, to be financed from the proceeds of a new bond issuance.

“There is no certainty that either transaction will be concluded, nor as to their terms.

“The company will make a further announcement as and when appropriate.”