Whitbread PLC Issue of Debt
February 05 2025 - 11:37AM
RNS Regulatory News
RNS Number : 0798W
Whitbread PLC
05 February 2025
Bond Issue
Whitbread Group PLC today announces
the successful pricing of £400,000,000 5.50% Guaranteed Notes due
2032, which are expected to be issued on 12 February
2025.
The proceeds of the Notes will be
used for the general corporate purposes of the Group, including the
refinancing of existing debt.
The Notes are unsecured, contain no
financial covenants and are expected to be rated BBB by Fitch
Ratings Limited, in line with the Group's current credit rating.
The Notes are expected to be admitted to the FCA Official List and
to trading on the Main Market of the London Stock Exchange on or
about 13 February 2025.
For
more information please contact:
In
the United Kingdom (the "UK"), this announcement is addressed to
and directed only at: (i) persons who have professional experience
in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, as amended (the "Order"); (ii) persons who are high net
worth entities falling within Article 49(2)(a) to (d) of the Order;
or (iii) other persons to whom they may otherwise lawfully be
communicated (all such persons together being referred to as
"relevant persons"). This announcement must not be acted on or
relied on in the UK by persons who are not relevant persons. Any
investment or investment activity to which this announcement
relates is available only to relevant persons in the UK and will be
engaged in only with such persons.
The notes have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws, and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the Securities
Act).
A
rating is not a recommendation to buy, sell or hold the notes and
may be subject to suspension, reduction or withdrawal at any
time.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy securities."
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
IODBRGDDCBGDGUU
Whitbread (LSE:WTB)
Historical Stock Chart
From Jan 2025 to Feb 2025
Whitbread (LSE:WTB)
Historical Stock Chart
From Feb 2024 to Feb 2025
