easyJet PLC Issue of Debt (8671N)
February 02 2016 - 1:13PM
UK Regulatory
TIDMEZJ
RNS Number : 8671N
easyJet PLC
02 February 2016
easyJet PLC - issue of debt
2 February 2016
easyJet announces that it has today priced the issue of EUR500
million 1.75% bonds maturing in 2023. The bonds are expected to be
rated Baa1 (stable) by Moody's and BBB+ (stable) by Standard &
Poor's and to be issued on 9 February 2016.
Commenting on the issue, Andrew Findlay, Chief Financial
Officer, said:
"We are delighted by the success of this issue and by the strong
support shown by bond investors in easyJet plc. The publication of
solid investment grade credit ratings and the issue of this
inaugural bond underlines the quality of easyJet's business model,
the sustained track record of profitable growth and the strength of
easyJet's balance sheet.
"The bond allows us to access cost effective unsecured funding
to support the continued delivery of easyJet's successful strategy
of profitable growth."
For further details, please contact:
Institutional investors and analysts
Stuart Morgan, Investor Relations 07989 665 484
Michael Barker, Investor Relations 07985 890 939
Media:
Paul Moore, Corporate Communications 07860 794 444
Anna Knowles, Corporate Communications 07985 873 313
This information is provided by RNS
The company news service from the London Stock Exchange
END
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