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Pearson PLC Capital/Financing Update 2018

Jan 18, 2018

5260_tar_2018-01-18_a2b4cb52-782b-4066-a0ec-163b0fa4f860.html

Capital/Financing Update

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National Storage Mechanism | Additional information

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RNS Number : 2500C

Pearson PLC

18 January 2018

PEARSON PLC

("Pearson" or the "Company")

"Pearson announces that its subsidiary Pearson Funding Five plc has today announced the launch of a market tender to repurchase up to €400m of its €500m 1.875 per cent. Notes due 2021, guaranteed by Pearson (ISIN: XS1068765418) and €500m 1.375 per cent. Notes due 2025, guaranteed by Pearson (ISIN: XS1228153661).

The tender is intended to ensure that the group's gross issued bond debt which currently exceeds net debt is reduced to more closely align with net debt in order to promote an efficient balance sheet."

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Pearson PLC — Capital/Financing Update 2018

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Pearson PLC Capital/Financing Update 2018