Rentokil Initial PLC Issue of new EUR400m bond (7698W)

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RNS Number : 7698W

Rentokil Initial PLC

17 November 2017

17 November 2017

Rentokil Initial plc

Issue of new EUR400m bond

Rentokil Initial plc (FTSE: RTO) (the "Company") has agreed the issue of a EUR400 million 0.95% bond due 22 November 2024.

Part of the proceeds will be swapped into dollars in line with the company's hedging strategy and will be used for general corporate purposes, including the repayment of the company's GBP200m and EUR157m term loans that were due to mature in 2018.

Jeremy Townsend, Chief Financial Officer of Rentokil Initial plc, said: "I am delighted by the success of this issue, which secures a significant amount of our longer term financing needs at an attractive coupon."

For further information please contact:

Rentokil Initial plc

 
              Katharine    07811 270 
 Investors     Rycroft      734 
              Malcolm      07788 978 
 Media         Padley       199 
 

Notes to editors:

Rentokil Initial

Rentokil Initial plc is one of the largest business services companies in the world, operating in 70 countries and employing 35,500 colleagues. The Company offers route-based services, primarily in Pest Control and Hygiene, through teams of local experts. Rentokil is the world's largest commercial pest control company.

For more information, visit www.rentokil-initial.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 17, 2017 02:00 ET (07:00 GMT)