27th Sep 2013 14:52
LONDON (Alliance News) - Rentokil Initial PLC Friday said it has agreed the issue of EUR350 million 3.25% bonds.
The catering, cleaning, security, building maintenance and statutory compliance services company said the proceeds will be used for general corporate purposes, including the repayment of existing debt.
The company said the bonds are due October 7 2021 and the issue follows Standard & Poor's recent improvement in the outlook of the company from "stable" to "positive".
Rentokil shares were down 1.17% to 110 pence Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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