RNS Number : 7680H
International Workplace Group PLC
08 May 2025
 

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8 May 2025

 

PRICING OF EUR 300,000,000 5.125% BOND DUE 14 MAY 2025

 

International Workplace Group plc announces that it has completed the pricing of a EUR 300,000,000 5.125% bond due 14 May 2032 (the "Bond"). Settlement of the Bond is expected to take place on 14 May 2025.

The Bond will be fully hedged into USD with a face value of $340,865,000 and the all-in cost of the Bond will be 6.90%.

The proceeds of the Bond will be used for general corporate purposes, including the repayment of existing indebtedness. Net financial debt, gross of fees, is unchanged following this transaction.

The Bond is expected to be rated BBB by Fitch Ratings Ltd.


Further information

International Workplace Group plc

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

See IWG Investor Relations website for contact details

 

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