Redemption of Floating Rate Reset Notes

RNS Number : 2581O

Rentokil Initial PLC

09 October 2012

 



 

09 October 2012

Rentokil Initial plc

Redemption of £75,000,000 Floating Rate Reset Notes due 2033 (ISIN: XS0389871947)

In its Interim Results published on 3 August 2012, Rentokil Initial plc (the "Company") noted that it was reviewing its medium-term financing requirements.

Following the Company's issuance of €500 million 3.375% bonds due 24 September 2019, the Company yesterday repurchased its £75,000,000 Floating Rate Reset Notes due 2033 for cancellation. The Notes carried a coupon of Libor + 398bps and were cancelled for fair market value.

Further information will be provided at the Company's Q3 results on 9 November.

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 some 66,000 employees providing a range of support services in over 60 countries.

www.rentokil-initial.com

Enquiries:

Investors / Analysts enquiries:

Katharine Rycroft, Investor Relations                                          Rentokil Initial plc              01293 858 166

Media enquiries:

Malcolm Padley, Corporate Communications                                Rentokil Initial plc              07788 978 199

Kate Holgate/ Catriona McDermott                                                Brunswick Group            020 7404 5959

 

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