easyJet PLC Pricing of Debt (2501Q)
February 24 2021 - 11:40AM
UK Regulatory
TIDMEZJ
RNS Number : 2501Q
easyJet PLC
24 February 2021
easyJet plc
("easyJet")
24 February 2021
This announcement contains inside information
Pricing of Debt
easyJet announces that on 24 February 2021 it priced EUR 1,200
million of bonds under its Euro Medium Term Note (EMTN) programme
to be issued by its subsidiary easyJet FinCo B.V. (rated BBB-
(negative) by Standard & Poor's) on 3 March 2021 and guaranteed
by easyJet plc and easyJet Airline Company Limited. The bonds
mature in March 2028, have a coupon of 1.875% and will be rated
Baa3 (negative) by Moody's and BBB- (negative) by Standard &
Poor's, with over 300 pan European investors participating in the
issue.
Commenting on the issue, Kenton Jarvis, Chief Financial Officer,
said:
"We are very pleased with the success of this bond issue. The
interest shown by investors at c.5x oversubscription and the
competitive pricing underscores the market's confidence in
easyJet's strategy of
long-term profitable growth while also significantly strengthening our liquidity position. "
F or further details please contact:
Institutional investors and analysts:
Michael Barker Investor Relations +44 (0)7985 890 939
Holly Grainger Investor Relations +44 (0)7583 101 913
Media:
Anna Knowles Corporate Communications +44 (0)7985 873 313
Edward Simpkins Finsbury +44 (0)7947 740 551 / (0)207 251 3801
Dorothy Burwell Finsbury +44 (0)7733 294 930 / (0)207 251 3801
easyJet plc
Hangar 89
London Luton Airport
Luton
Bedfordshire
LU2 9PF
LEI: 2138001S47XKWIB7TH90
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in this announcement
and the Final Terms may be addressed to and/or targeted at persons
who are residents of particular countries (specified in the
Offering Circular dated 10 February 2021 (available at
http://www.rns-pdf.londonstockexchange.com/rns/6880O_1-2021-2-10.pdf
)) only and is not intended for use and should not be relied upon
by any person outside these countries and/or to whom the offer
contained in the Final Terms is not addressed. Prior to relying on
the information contained in this announcement, the Final Terms and
the Offering Circular you must ascertain from the Final Terms and
the Offering Circular whether or not you are part of the intended
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This announcement does not contain or constitute an offer of, or
the solicitation of an offer to buy, securities to any person in
the United States or in any jurisdiction to whom or in which such
offer or solicitation is unlawful. The notes and the guarantees
referred to in the Final Terms and the Offering Circular (the
"securities") have not been, and will not be, registered under the
US Securities Act of 1933, as amended (the "Securities Act"), or
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or reproduction of the Final Terms or the Offering Circular in
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The Offering Circular is available at
http://www.rns-pdf.londonstockexchange.com/rns/6880O_1-2021-2-10.pdf
. The Final Terms, when published, will be available at
www.londonstockexchange.com/news .
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