Business
Credit Ratings and Proposed Bond Programme
Credit Ratings and Proposed Bond Programme.
About this update from Easyjet Plc
[{"type":"text","content":"\n \nRNS Number : 1443L easyJet PLC 07 January 2016 \n\n7 January 2016\n \n \nCREDIT RATINGS AND PROPOSED BOND PROGRAMME\n \neasyJet plc has today received public credit ratings and intends to publish an Offering Circular for a Euro Medium Term Note (EMTN) Programme to facilitate access to new and cheaper sources of funding. \n \neasyJet has been assigned investment grade ratings of BBB+ (stable) by Standard & Poor's and Baa1 (stable) by Moody's which reflect the quality of easyJet's business model, the sustained track record of profitable growth, the strength of easyJet's balance sheet and the high levels of cash generated by the airline.\n \nAny funds raised from the programme will be used to support the continued delivery of easyJet's successful strategy, its planned annual passenger growth of between 7-8% and, in particular, the airline's already published fleet requirements which support this profitable growth.\n \neasyJet is conducting a wholesale debt investor roadshow from 12 January and subject to market conditions an inaugural capital markets transaction may follow.\n \nRelevant stabilisation regulations, including those of the Financial Conduct Authority and the International Capital Markets Association, apply.\n \nEnquiries should be directed to:\n \neasyJet plc\n \n\n\n\n\nInvestor:\n\n\n \n\n\n\n\nStuart Morgan\n\n\n+44 (0) 7989 665484\n\n\n\n\nMichael Barker\n \n\n\n+44 (0) 7985 890 939\n\n\n\n\nMedia:\nPaul Moore, Communications\n\n\n \n+44 (0) 7860 794 444\n\n\n\n\nEdward Simpkins, Finsbury\n\n\n+44 (0) 7947 740 551\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSWFSWFMSEDF\n ","length":3592,"tagName":"div"}]