Business
Pricing of Debt
Pricing of Debt.
About this update from Easyjet Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\neasyJet plc (EZJ)\n\n\n\n\n\n\nPricing of Debt 14-March-2024 / 07:00 GMT/BST\n\n\neasyJet plc\n\n(\"easyJet\")\n\n14 March 2024\n\nPricing of Debt\n\neasyJet announces that on 13 March 2024 it priced EUR 850 million of bonds under its Euro Medium Term Note (EMTN) programme to be issued on 20 March 2024 and guaranteed by easyJet FinCo B.V. and easyJet Airline Company Limited. The bonds mature in 2031, have a coupon of 3.750% and are expected to be rated Baa2 (stable) by Moody's and BBB (positive) by Standard & Poor's, with over 200 investors participating in the issue.\n\nOver the last 18 months, easyJet has retired circa £1.6 billion pounds of debt, deleveraging the balance sheet following the recovery in travel post pandemic. Part of the issuance proceeds will be used to repay existing debt as it matures over the next 18 months. \n\n \n\nCommenting on the issue, Kenton Jarvis, Chief Financial Officer, said:\n\n \n\n\"We are very pleased with the success of this bond issue. The interest shown by investors at greater than 4x oversubscription and the competitive pricing underscores the market's confidence in easyJet's strategy.\"\n\nFor further details please contact:\n\n \n\nInstitutional investors and analysts:\n\n\n Adrian Talbot\n \n \n Investor Relations\n \n \n +44 (0) 7971 592 373\n \n \n \n \n \n \n \n \n \n \n \n Media:\n \n \n Anna Knowles\n \n \n Corporate Communications\n \n \n +44 (0)7985 873 313\n \n \n Harry Cameron\n \n \n Teneo\n \n \n +44 (0)20 7353 4200\n \n \n Olivia Peters\n \n \n Teneo\n \n \n +44 (0)20 7353 4200\n \n \n\neasyJet plc\n\nHangar 89\n\nLondon Luton Airport\n\nLuton\n\nBedfordshire\n\nLU2 9PF\n\n \n\nLEI: 2138001S47XKWIB7TH90\n\n \n\nDISCLAIMER - INTENDED ADDRESSEES\n\n \n\nPlease note that the information contained in this announcement and the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular dated 13 February 2024 (available at https://www.rns-pdf.londonstockexchange.com/rns/0027D_1-2024-2-13.pdf)) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Final Terms is not addressed. Prior to relying on the informa...