>Enterprise Inns Prefers Bond Sale Over Rights Offer

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>Feb. 3 (Bloomberg) — Enterprise Inns Plc would offer high- yield bonds or sell more pubs before contemplating a rights offering to help repay 1 billion pounds ($1.6 billion) of debt that’s due in May 2011, Chief Executive Officer Ted Tuppen said.

Selling new shares would be a last resort for the U.K.’s second-biggest pub owner, which is “confident” its lenders will refinance all the debt, Tuppen said ahead of its annual meeting with bondholders today. He expects the amount owed to be reduced to about 650 million pounds through asset disposals

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