Informa PLC — Capital/Financing Update 2016

Dec 7, 2016

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RNS Number : 1392R

Informa PLC

07 December 2016

Press release

7 December 2016

Informa PLC

Increased funding flexibility through $500m US Private Placement issue

Growth Acceleration Plan funding strategy continues with addition of further 6, 8 and 10 year US borrowings

London: Informa (LSE: INF.L), the international Business Intelligence, Exhibitions, Events and Academic Publishing Group, has today announced the issue of $500m of new US private placement notes.

The notes have been issued in three tranches with a weighted average term of 9.25 years ($55m over six years, $80m over eight years and $365m over 10 years) and at a weighted average coupon of 3.6% (3.25% over six years, 3.50% over eight years and 3.68% over 10 years).

The funds will be used to pay down the majority of the $675m previously arranged and drawn down acquisition facility.

Gareth Wright, Group Finance Director, said: "Balance sheet discipline and funding flexibility are all key elements of the 2014-2017 Growth Acceleration Plan. "

He added: "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."

Mizuho Securities USA Inc acted as Lead Placement Agent on the issue.

Enquiries
Informa PLC
Stephen A. Carter, Group Chief Executive	+44 (0) 20 7017 5771
Gareth Wright, Group Finance Director	+44 (0) 20 7017 7096
Richard Menzies-Gow, Director of Investor Relations	+44 (0) 20 3377 3445
Teneo Blue Rubicon
Tim Burt / Ben Ullmann	+44 (0) 20 7420 3141

Notes to editors

About Informa PLC

Informa operates at the heart of the Knowledge and Information Economy. It is one of the world's leading business intelligence, academic publishing, knowledge and events businesses.

With more than 7,500 colleagues globally, it has a presence in all major geographies, including North America, South America, Asia, Europe, the Middle East and Africa.

To learn more, please visit www.informa.com

This information is provided by RNS

The company news service from the London Stock Exchange

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