June 26, 2020 - Wolters Kluwer, a global leader in professional information, software solutions, and services announced today that it has successfully priced a new €500 million 10-year senior unsecured Eurobond.
The bonds were sold at an issue price of 99.292 per cent and carry an annual coupon of 0.750 per cent. The settlement date has been set at July 3, 2020. The securities were placed with a broad range of institutional investors across Europe.
The senior unsecured bonds will mature on July 3, 2030. The notes are expected to be rated Baa1 by Moody’s. The net proceeds of the offering will be used for general corporate purposes. The new bond provides financing at an attractive rate and will extend the company’s debt maturity profile.
Banca IMI, Bank of America, Citi, and Deutsche Bank acted as bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.