Issue of new Eur350m bond

RNS Number : 1589P

Rentokil Initial PLC

27 September 2013

 



27 September 2013

Rentokil Initial plc

Issue of new €350m bond

Rentokil Initial plc (the "Company") has today agreed the issue of €350 million 3.25% bonds due 7 October 2021.

The proceeds will be used for general corporate purposes, including the repayment of existing debt.  One of the Company's existing bonds matures early next year, so this new issue will lengthen the average life of the Company's debt.

The issue follows Standard & Poor's recent improvement in the outlook associated with its BBB- rating for the Company, from "stable" to "positive".

Jeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said: "I am delighted by the success of this issue, which secures more than two thirds of our bond debt at a coupon below 3.5%."

Ends

About Rentokil Initial plc

Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa.  The Company has over 50,000 employees providing a range of support services in over 60 countries.

www.rentokil-initial.com

Enquiries:

Investors / Analysts enquiries:

Katharine Rycroft, Head of Investor Relations                             Rentokil Initial plc             01293 858 166

Media enquiries:

Malcolm Padley, Corporate Communications                                Rentokil Initial plc             07788 978 199

Catriona McDermott / Oliver Hughes                                            Brunswick Group            020 7404 5959

 

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