Last checked at 17 Sep 2012 15:15
17 September 2012
Rentokil Initial plc
Issue of new €500m bond
In its Interim Results published on 3 August 2012, Rentokil Initial plc (the "Company") noted that it was reviewing its medium-term financing requirements.
Having completed its review, the Company is pleased to announce that it has today agreed the issue of €500 million 3.375% bonds due 24 September 2019. Further information will be provided at the Company's Q3 results on 9 November.
The bonds will be issued under the Company's Euro Medium Term Note Programme and are expected to be issued on 24 September 2012. Application will be made for the bonds to be listed in the official list of the UK Listing Authority and to be admitted to trading on the London Stock Exchange.
Jeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said:
"I am delighted by the success of this issue, which secures a significant element of our debt at a coupon of 3.375% and extends our maturity profile."
Ends
About Rentokil Initial plc
Rentokil 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 some 66,000 employees providing a range of support services in over 60 countries.
www.rentokil-initial.com
Enquiries:
Investors / Analysts enquiries:
Katharine Rycroft, Investor Relations Rentokil Initial plc 01293 858 166
Media enquiries:
Malcolm Padley, Corporate Communications Rentokil Initial plc 07788 978 199
Kate Holgate/ Catriona McDermott Brunswick Group 020 7404 5959