Amsterdam, the Netherlands – Koninklijke Philips N.V. (“Royal Philips”) (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its issue of EUR 500 million floating rate notes due 2019 (the “Floating Rate Notes”) and EUR 500 million fixed rate notes due 2023 (the “Fixed Rate Notes” and, together with the Floating Rate Notes, the “Notes”).

The net proceeds of the offering will be used for the repayment of the EUR 1.0 billion bridge loan which was entered into for the purpose of financing the acquisition of The Spectranetics Corporation and for general purposes.

The issue price for the Floating Rate Notes is 100.300% with a Coupon of 3M Euribor + 20 basis points, and the issue price for the Fixed Rate Notes is 99.465% with a Coupon of 0.500%, resulting in a yield of 0.591%.

Settlement and issue of the Notes is scheduled for September 6, 2017. Application has been made for the Notes to be listed on the Official List of the Luxembourg Stock Exchange and to trading on the regulated market of the Luxembourg Stock Exchange.

Philips is committed to a strong investment grade credit rating. Currently, the company has a BBB+ rating (with stable outlook) by Standard & Poor's, a Baa1 rating (with stable outlook) by Moody's and an A- rating (with stable outlook) by Fitch.