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Private placement

17th Dec 2010 14:22

RNS Number : 2098Y
MITIE Group PLC
17 December 2010
 



 

 

 

 

17 December 2010

MITIE Group PLC

 

 

MITIE Group PLC ("MITIE")

Issue of £100m US Private Placement Loan Notes

 

MITIE is pleased to announce the successful completion of an issue of US private placement loan notes with institutional investors.

 

The issue consists of £40m of notes denominated in sterling and fixed at 4.38% maturing in 9 years and £60m of notes denominated in US dollars ($96m) maturing in 7 years. The US dollar denominated private placement proceeds have been swapped into sterling debt, with half fixed at 3.88% and half with a floating sterling interest rate of LIBOR + 1.26%.

 

In addition to the above, MITIE has a committed banking facility of £230m maturing in January 2012.

 

- ENDS -

 

For further information, contact:

 

John Telling, Group Corporate Affairs Director

T: 020 3123 8683 M: 07979 701006

 

Erica Lockhart, Investor, Public and Media Relations ManagerT: 020 3123 8676 M: 07979 784488

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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