Mitchells & Butlers PLC
15 September 2006
15 September 2006
NOT FOR DISTRIBUTION IN THE UNITED STATES
MITCHELLS & BUTLERS PLC
£1.1bn BOND ISSUE
Mitchells & Butlers today announces that the bond issue launched on 31 August
and priced on 12 September has been completed. The total amount raised is
£1.1bn, £655m of which is incremental financing and the balance of £450m will be
used to refinance existing sterling and dollar denominated Floating Rate Notes.
For further information, please contact:
Investor Relations
Kate Holligon 0121 498 5092
Media
Finsbury Group - James Murgatroyd 020 7251 3801
Further information on Mitchells & Butlers existing Securitisation is available
under 'Securitisation & Debt information' at www.mbplc.com
Cautionary note regarding forward-looking statements
This announcement contains certain forward-looking statements as defined under
US legislation (section 21E of the Securities Exchange Act of 1934) with respect
to the financial condition, results of operations and business of Mitchells &
Butlers and certain of the plans and objectives of the board of Directors with
respect thereto. These forward-looking statements can be identified by the fact
that they do not relate only to historical or current facts. Forward-looking
statements often use such words as 'will', 'should', 'continue', 'anticipate',
'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe' or other
words of similar meaning. The forward-looking statements contained herein are
based on assumptions and assessments made by Mitchells & Butlers' management in
light of their experience and their perception of historical trends, current
conditions, expected future developments and other factors they believe to be
appropriate. By their nature, forward-looking statements are inherently
speculative and involve risk and uncertainty, and there are a number of factors
that could cause actual results and developments to differ materially from those
expressed in or implied by such forward-looking statements. These factors
include, but are not limited to: the future balance between supply and demand
for Mitchells & Butlers' sites; the effect of economic conditions and unforeseen
external events on Mitchells & Butlers' business; the availability of suitable
properties and necessary licenses; consumer and business spending, changes in
consumer tastes and preference; levels of marketing and promotional expenditure
by Mitchells & Butlers and its competitors; changes in the cost and availability
of supplies; key personnel and changes in supplier dynamics; significant
fluctuations in exchange rates, interest rates and tax rates; the availability
and effects of any future business combinations, acquisitions or dispositions;
the impact of legal and regulatory actions or developments; the impact of the
European Economic and Monetary Union; the ability of Mitchells & Butlers to
maintain appropriate levels of insurance; the maintenance of Mitchells &
Butlers' IT structure; competition in markets in which Mitchells & Butlers'
operates; political and economic developments and currency exchange
fluctuations; economic recession; management of Mitchells & Butlers'
indebtedness and capital resource requirements; material litigation against
Mitchells & Butlers; substantial trading activity in Mitchells & Butlers'
shares; the reputation of Mitchells & Butlers' brands; the level of costs
associated with leased properties; competition for high quality managers;
declining sales of beer in pubs in the UK; food safety scares; funding
liabilities in respect of the Group's pension schemes and the weather.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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