Business
Pricing of US Private Placement of Notes
Pricing of US Private Placement of Notes.
About this update from Bridgepoint Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\nBridgepoint Group plc\n(\"Bridgepoint\" or the \"Company\")\nPricing of US Private Placement of Notes\nBridgepoint today announces that the Bridgepoint group (the \"Group\") has successfully priced US$430 million of US Private Placement (\"USPP\") notes. The USPP will be structured in 4 tranches, with maturities of 3, 5, 7 and 10 years and an average coupon of 6.17 per cent.\nProceeds from the USPP will provide the Group with additional resources to continue its strategic growth plans, and in part will be used to refinance certain ECP debt following the ECP transaction.\nFormal signing of the USPP is expected to occur in the coming weeks, and issue of the USPP notes is expected to occur in Q2 2024, subject to the closing of the ECP transaction and the satisfaction of customary conditions.\nBridgepoint believes that the transaction highlights US investors' confidence in the Group's credit quality well as in its growth strategy over the longer term.\n \n \nENQUIRIES\nBridgepoint\n\n\n\n\nAnalysts and investors\nAdam Key\[email protected]\n+44 7833 748010\n \n\n\nMedia\nChristian Jones / James Murray\[email protected]\[email protected]\n+44 20 7034 3500\n\n\n\n\n \nFGS Global (Public Relations Adviser to Bridgepoint)\nCharles O'Brien / +44 20 7251 3801 / +44 7825 043 656\nAnjali Unnikrishnan / +44 20 7251 3801 / +44 7826 534 233\[email protected]\n \nLegal Entity Identifier (LEI): 213800KFNMVI8PDZX472\n \n \nCautionary Statement\nThis announcement should not be construed as an investment recommendation nor does it constitute an offer to sell or the solicitation of any offer to buy interests in any security. Offers may only be made at the time a qualified offeree receives the related confidential information memorandum for a specific investment describing the offering and executes a related subscription agreement. Any interests in securities of Bridgepoint or any of its subsidiaries shall not be offered or sold in any jurisdiction in which such an offer, solicitation or sale would be unlawful until the requirements of th...