Wolters Kluwer Successfully Prices a New Ten Year €700 Million Benchmark Eurobond
March 14 2013 - 9:32AM
Alphen aan den Rijn (March
14, 2013) - Wolters Kluwer, a market-leading global information
services company focused on professionals, announced today that it
has successfully launched and priced a new ten year €700 million
benchmark Eurobond offering following a three-day pan-European debt
investor roadshow. The bonds have been priced at an issue price of
99.709 per cent and will carry an annual coupon of 2.875 per cent.
Settlement date has been set at March 21, 2013. The bonds were
placed with a broad range of institutional investors across
Europe.
The senior, unsecured bonds will mature on March
21, 2023. The net proceeds of the issue of the bonds will be
applied by Wolters Kluwer for general corporate purposes, including
refinancing of existing debt. Conditional upon settlement of the
transaction, the company intends to exercise a call option on its
€225 million perpetual cumulative subordinated bonds in 2013.
ABN AMRO, Barclays, Rabobank
International, and The Royal Bank of Scotland acted as joint lead
managers for this issue. The bonds will be listed on the Official
List of the Luxembourg Stock Exchange.
About Wolters
Kluwer
Wolters Kluwer is a leading global information services and
solutions company. It provides information, software, and services
that help legal, tax, finance, and healthcare professionals make
their most critical decisions effectively and with confidence.
Customers depend on Wolters Kluwer services and solutions to
successfully move through the complex layers of data and regulation
that define modern business and government.
Wolters Kluwer had 2012 annual revenues of €3.6
billion. The group employs over 19,000 people worldwide and
maintains operations in over 40 countries across Europe, North
America, Asia Pacific, and Latin America. The company is
headquartered in Alphen aan den Rijn, the Netherlands. Wolters
Kluwer shares are quoted on Euronext Amsterdam (symbol: WKL) and
are included in the AEX and Euronext 100 indices.
Visit our website, YouTube, follow @Wolters_Kluwer
on Twitter, or look up Wolters Kluwer on Facebook for more for
information about our customers, market positions, brands, and
organization.
Forward-looking Statements
This press release contains forward-looking
statements. These statements may be identified by words such as
"expect", "should", "could", "shall" and similar expressions.
Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause
actual results and events to differ materially from what is
contemplated by the forward-looking statements. Factors which could
cause actual results to differ from these forward-looking
statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is
engaged; behavior of customers, suppliers, and competitors;
technological developments; the implementation and execution of new
ICT systems or outsourcing; and legal, tax, and regulatory rules
affecting Wolters Kluwer's businesses, as well as risks related to
mergers, acquisitions, and divestments. In addition, financial
risks such as currency movements, interest rate fluctuations,
liquidity, and credit risks could influence future results. The
foregoing list of factors should not be construed as exhaustive.
Wolters Kluwer disclaims any intention or obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact: |
Media
Caroline Wouters
+ 31 (0)172 641 459
press@wolterskluwer.com |
Investors/Analysts
Meg Geldens
+ 31 (0)172 641 407
ir@wolterskluwer.com |
PDF version of Press
Release
This
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Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
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