Pearson PLC Expiration of Offers to Purchase Notes (9446N)
August 14 2017 - 9:00AM
UK Regulatory
TIDMPSON
RNS Number : 9446N
Pearson PLC
14 August 2017
Pearson Announces the Expiration of its Offers to Purchase for
Cash 3.75% Notes due 2022 and 3.25% Notes due 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO
ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
14 August 2017
London - On 4(th) August 2017, Pearson announced the launch of
market tenders, through its subsidiaries Pearson Funding Four plc
and Pearson Funding Five plc (the "Issuers"), to repurchase all or
any of its $500m 3.75% US Dollar Notes due 2022 (the "2022 Notes")
and $500m 3.25% US Dollar Notes due 2023 (the "2023 Notes"). The
tenders have now closed, and $385,389,000 of the 2022 Notes and
$406,049,000 of the 2023 Notes will be bought back and cancelled.
The Issuers or Pearson may in future make further market purchases
of the 2022 Notes and/or the 2023 Notes as part of Pearson's
ongoing treasury management activities.
For more information:
Telephone: +44 20 7010 2310
Investors: Tom Waldron
Press: Tom Engel, Tom Steiner
Treasury: Katharine Good, Sunil Boorman
This information is provided by RNS
The company news service from the London Stock Exchange
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