Pearson PLC Tender Offer for Pearson Funding Five plc
January 18 2018 - 4:40AM
Dow Jones News
TIDMPSON
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 EUR400m of its EUR500m 1.875 per cent. Notes due 2021,
guaranteed by Pearson (ISIN: XS1068765418) and EUR500m 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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(END) Dow Jones Newswires
January 18, 2018 04:25 ET (09:25 GMT)
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