Last checked at 18 Feb 2021 16:52
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (the UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
Sage issues GBP 350 million debut bond
18 February 2021
The Sage Group plc ("Sage") announces that it has launched and successfully priced a debut bond offering of GBP 350 million 1.625% notes due in February 2031 (the "Notes"). The offering is expected to settle on 25 February 2021 subject to the satisfaction of customary conditions.
The Notes issue extends the maturity of the Group's debt portfolio and diversifies its funding sources. Sage intends to use the proceeds to repay its existing indebtedness and for general corporate purposes. Sage has been rated BBB+ (stable) by S&P.
Application will be made for the Notes to be admitted to the official list of the Financial Conduct Authority and to be admitted to trading on the regulated market of the London Stock Exchange.
The Joint Bookrunners were BofA Securities, J.P. Morgan and Lloyds Bank Corporate Markets.
Enquiries
The Sage Group plc +44 (0) 7900 046714
James Sandford, VP, Investor Relations
Amy Lawson, EVP Communications
Jacqui Cartin, EVP Group Financial Controller / James Thomas, VP Treasury
FTI Consulting +44 (0) 20 3727 1000
Charles Palmer
Dwight Burden
About Sage
Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.
DISCLAIMER
This announcement does not constitute an offering of the Notes for sale in the United States. This is not for distribution in the United States. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") and are subject to U.S. tax law requirements. Subject to certain exceptions, the Notes may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons, as such terms are defined in Regulation S under the Securities Act. There will be no public offering of the Notes in the United States.
Under no circumstances shall this announcement constitute an offer to sell or the solicitation of an offer to buy any Notes in any jurisdiction where it is unlawful to do so. Recipients of this announcement who intend to subscribe for or purchase the Notes are reminded that any subscription or purchase may only be made on the basis of the information contained in the final prospectus relating to the Notes.