4th Feb 2014 17:12
LONDON (Alliance News) - Experian PLC Tuesday said subsidiary Experian Finance has priced an issue of GBP400 million 3.5% bonds due 2021, as it seeks to diversify its funding sources and extend the maturity of its debt.
In a statement, Experian, which provides credit services including credit checks and risk management, said the bond is being issued under Experian Finance's Euro Medium Term Note Programme, guaranteed by the parent company.
"This bond issue extends the maturity of the Group's debt portfolio and diversifies its funding sources. The proceeds will be used to reduce drawings under committed bank facilities," Experian said in a statement.
Experian shares Tuesday closed at 1,052.50 pence, down 0.50 pence, or 0.1%.
By Samuel Agini; [email protected]; @samuelagini
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