COMPANIES William Hill, the bookmaker and betting shop owner, is set to confirm plans to raise as much as £350m in a fully underwritten rights issue alongside its annual results on Friday.
The company is expected to become the latest to ask shareholders for cash as part of a wider plan to help refinance group debt. The company’s debt is not regarded as particularly excessive, but William Hill could have an issue with refinancing its borrowings given the timing of the maturity of its facility of £1.2bn in March 2010.
