Issue of new EUR400m bond

RNS Number : 7698W

Rentokil Initial PLC

17 November 2017

 

17 November 2017

Rentokil Initial plc

Issue of new €400m bond

Rentokil Initial plc (FTSE: RTO) (the "Company") has agreed the issue of a €400 million 0.95% bond due 22 November 2024.

Part of the proceeds will be swapped into dollars in line with the company's hedging strategy and will be used for general corporate purposes, including the repayment of the company's £200m and €157m term loans that were due to mature in 2018. 

Jeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said: "I am delighted by the success of this issue, which secures a significant amount of our longer term financing needs at an attractive coupon." 

For further information please contact:

Rentokil Initial plc

Investors	Katharine Rycroft	07811 270 734
Media	Malcolm Padley	07788 978 199

Notes to editors:

Rentokil Initial

Rentokil Initial plc is one of the largest business services companies in the world, operating in 70 countries and employing 35,500 colleagues.  The Company offers route-based services, primarily in Pest Control and Hygiene, through teams of local experts. Rentokil is the world's largest commercial pest control company.

For more information, visit www.rentokil-initial.com.  

 

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