Latest Share Chat

REMOVE ADS

Informa Share News (INF)

Informa Information

Share Price Information for Informa (INF)

Share Price is delayed by 15 minutes

Get Live Data

897.80 5.00 (0.56%)

Bid:

894.20

Ask:

895.00

Spread: 0.80 (0.089%)

Market Cap: £11.27b

Last checked at -

Intraday Informa Share Chart

REMOVE ADS

Informa increases funding flexibility with US private placement issue

Wed, 07th Dec 2016 07:25

(ShareCast News) - Business intelligence group Informa has announced the issue of $500m of new US private placement notes which will be used to pay down the majority of the $675m previously arranged and drawn down acquisition facility. The notes have been issued in three tranches with a weighted average term of 9.25 years and at a weighted average coupon of 3.6%.Group finance director Gareth Wright said: "Balance sheet discipline and funding flexibility are all key elements of the 2014-2017 Growth Acceleration Plan."Alongside our existing facilities, this provides the group with clarity and financing security following the recent addition of Penton Information Services to the Informa group."