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:
| Investor Relations - Whitbread | |
| Peter Reynolds, Director of Investor Relations | peter.reynolds@whitbread.com |
| Kirsten O'Reilly, Investor Relations Manager | |
| Iain Strachan, Group Financial Controller | |
| | |
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."
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.