Issue of Debt

RNS Number : 9737I

Sage Group PLC

23 March 2010

 



Tuesday 23^rd March, 2010

 

Sage completes $300 million issue of US Private Placement loan notes

Sage is pleased to announce the successful completion of a $300m issue of US Private Placement loan notes ("the notes"). Proceeds of the issue will be used to refinance certain existing debt facilities. The notes mature $200m in 2015, $50m in 2016 and $50m in 2017 and carry interest coupons of 4.39%, 4.78% and 5.15% respectively.

Paul Harrison, Sage's Group Finance Director, commented:
"We were pleased with the response from US Private Placement investors, with the good demand for Sage's debt reflecting our strong cash flows and high levels of recurring revenue. The notes provide additional flexibility, extended maturities and diversify our sources of funding."

About The Sage Group plc

The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.1 million customers and 13,400 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com.

Enquiries:

The Sage Group plc [phone]
Andrew Griffith, Investor Relations

Tulchan Communications [phone]

Stephen Malthouse

 

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