Business
Issue of new Eur350m bond
Issue of new Eur350m bond.
About this update from Rentokil Initial Plc
[{"type":"text","content":"\n \nRNS Number : 1589P Rentokil Initial PLC 27 September 2013 \n \n\n \n \n27 September 2013\n \nRentokil Initial plc\nIssue of new €350m bond\nRentokil Initial plc (the \"Company\") has today agreed the issue of €350 million 3.25% bonds due 7 October 2021.\n \nThe proceeds will be used for general corporate purposes, including the repayment of existing debt. One of the Company's existing bonds matures early next year, so this new issue will lengthen the average life of the Company's debt.\n \nThe issue follows Standard & Poor's recent improvement in the outlook associated with its BBB- rating for the Company, from \"stable\" to \"positive\".\n \nJeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said: \"I am delighted by the success of this issue, which secures more than two thirds of our bond debt at a coupon below 3.5%.\"\n \n\nEnds\nAbout Rentokil Initial plc\nRentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa. The Company has over 50,000 employees providing a range of support services in over 60 countries.\n \nwww.rentokil-initial.com\n \n \n\n \nEnquiries: \n\n \nInvestors / Analysts enquiries: \nKatharine Rycroft, Head of Investor Relations Rentokil Initial plc 01293 858 166\n \nMedia enquiries:\nMalcolm Padley, Corporate Communications Rentokil Initial plc 07788 978 199 \nCatriona McDermott / Oliver Hughes Brunswick Group  ...