Issue of Debt

RNS Number : 4118G

Sage Group PLC

06 June 2013

 



6 June 2013

Sage completes US$400 million issue of US Private Placement loan notes

The Sage Group plc ("Sage" or the "Group") announces the successful completion of a US$400m issue of US Private Placement loan notes.  The notes have maturity dates of May 2018 (US$50m), May 2020 (US$150m), May 2023 (US$150m) and May 2025 (US$50m) and carry interest coupons of 2.60%, 3.08%, 3.71% and 3.86% respectively.  The proceeds of the issue will be used to refinance certain existing debt facilities and for general corporate purposes.

John Swift, Group Treasurer for Sage, 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 further diversify our sources of funding and give the Group greater certainty over cost of debt at attractive rates and maturity profiles."

Enquiries

The Sage Group plc [phone]

Murdo Montgomery, Investor Relations

Tulchan Communications [phone]

David Shriver

About The Sage Group plc

The Sage Group plc is a leading global provider of business management software to small and medium sized companies, creating greater freedom for them to succeed. Sage understands how and why each business is unique. We provide products and services that suit varying needs, are a pleasure to use and are secure and efficient. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6 million customers and more than 13,380 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil. For further information please visit www.sage.com 

 

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