Wolters Kluwer, a global leader in professional information, software solutions, and services announced today that it has successfully priced a new €500 million 7-year senior unsecured Eurobond.
The bonds were sold at an issue price of 99.958 per cent and carry an annual coupon of 0.250 per cent. The settlement date has been set at March 30, 2021. The securities were placed with a broad range of institutional investors across Europe.
The senior unsecured bonds will mature on March 30, 2028. The notes are expected to be rated BBB+ by S&P. The net proceeds of the offering will be used for general corporate purposes. The new bond provides financing at an attractive rate and will extend the company’s debt maturity profile.
ABN AMRO, Barclays, ING and Rabobank acted as bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.