Bond Issuance

RNS Number : 9084Z

Experian plc

21 January 2011

 



Bond Issuance

21 January 2011 ─ Experian plc, the global information services company, announces that its subsidiary, Experian Finance plc, has priced an issue of £400m 4.75% bonds due 2018, rated BBB+/Baa1.

The bonds will be issued by Experian Finance plc under the terms of its Euro Medium Term Note Programme, which is guaranteed by Experian plc.  The proceeds will be swapped into US dollars and will be used primarily to repay US dollar drawings under the Group's principal bank facility. 

Paul Brooks, Chief Financial Officer of Experian, said:

"Experian is delighted at the success of this bond placing, which was heavily oversubscribed, enabling Experian to tighten pricing during the process. The bond issue enables the Group to extend the maturity of its debt and diversify its funding sources."

ING, Royal Bank of Scotland, Santander, Société Générale and UBS were mandated for the transaction.

Contact:

Experian

Antony Barnes                        Group Treasurer                           [phone]

Finsbury

Rollo Head                                                                                    [phone]

Don Hunter

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.

For more information, visit http://www.experianplc.com.

 

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