WTKWY - Wolters Kluwer successfully prices €600 million five-year Eurobond | Benzinga
PRESS RELEASE
Wolters Kluwer successfully prices €600 million five-year Eurobond
Alphen aan den Rijn – March 11, 2024 – Wolters Kluwer, a global leader of professional information, software solutions, and services, today announced that it has successfully priced a new €600 million five-year senior unsecured Eurobond.
The bonds were sold at an issue price of 99.964 per cent and carry an annual coupon of
3.250 per cent. The settlement date has been set for March 18, 2024. The securities were placed with a broad range of institutional investors across Europe.
The senior unsecured bonds will mature on March 18, 2029. The notes are expected to be rated A3 by Moody's. The net proceeds of the offering will be used for general corporate purposes.
Barclays, Commerzbank, Deutsche Bank, IMI-Intesa Sanpaolo and SMBC acted as joint active bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.
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About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software ...