14th Jun 2005 15:44
Reed Elsevier PLC14 June 2005 NEWS RELEASE Issued on behalf of Reed Elsevier PLC and Reed Elsevier NV 14 June 2005 Reed Elsevier Completes $700 Million Two Tranche Global Bond Reed Elsevier announced today the completion of a $700 million two trancheglobal bond through its wholly owned US subsidiary, Reed Elsevier Capital Inc.Reed Elsevier will use the proceeds from the offering to refinance short termborrowings. The transaction is comprised of $450 million of seven year notes priced at USTreasuries plus 90 basis points to yield 4.65% and $250 million of five yearfloating rate notes priced at three month LIBOR plus 33 basis points. CitigroupGlobal Markets and Deutsche Bank Securities were the Joint Bookrunners.The notes were issued off a shelf registration statement filed with the USSecurities and Exchange Commission ("SEC"). This communication shall not constitute an offer to sell or the solicitation ofan offer to buy nor shall there be any sale of these securities in anyjurisdiction in which such offer, solicitation or sale would be unlawful priorto registration or qualification under the securities laws of any suchjurisdiction. A copy of the prospectus relating to the offering was filed with the SEC on 9June 2005, and is available on the Reed Elsevier website at : http://www.reedelsevier.com/index.cfm?articleid=173 Notes to Editors Reed Elsevier Group plc is a world leading publisher and information provider.It is owned equally by its two parent companies, Reed Elsevier PLC and ReedElsevier NV. The parent companies are listed on the London, Amsterdam and NewYork Stock Exchanges, under the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL. In 2004, Reed Elsevier made adjusted profitbefore taxation of £1,027 million/€1,510 million on turnover of £4,812 million/€7,074 million. The group employs 35,600 people, including approximately 20,000in North America. Operating in the scientific, legal, educational andbusiness-to-business sectors, Reed Elsevier provides high value and flexibleinformation solutions to professional end users, with increasing emphasis oninternet delivery. - Ends - For further information please contact:Catherine May: +44 (0)20 7166 5657 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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