Wolters Kluwer Intends to Issue a New Benchmark Eurobond and to Conditionally Call Its Perpetual Bonds in 2013
(Thomson Reuters ONE) -
Alphen aan den Rijn (February 20, 2013) - Wolters Kluwer, a market-leading
global information services company focused on professionals, today announced
its intention to issue a benchmark Eurobond in the debt capital markets.
Conditional on the successful completion of this Eurobond, the company intends
to exercise a call option on its ?225 million perpetual cumulative subordinated
bonds in 2013.
Wolters Kluwer has mandated ABN Amro, Barclays, Rabobank International, and The
Royal Bank of Scotland to arrange a series of European fixed income investor
meetings from March 4 to March 6, 2013. A senior, unsecured capital markets
transaction of benchmark size may follow, subject to market conditions.
The net proceeds of the bond will be used by Wolters Kluwer to refinance part of
its 2014 Eurobond maturity and the call of the outstanding perpetual bonds in
2013. "The current environment with low underlying interest rates also provides
an opportunity for attractive financing. On completion, the refinancing exercise
will lower our effective interest rate starting 2014." says Boudewijn Beerkens,
CFO and Member of Executive Board.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions company.
It provides information, software, and services that help legal, tax, finance,
and healthcare professionals make their most critical decisions effectively and
with confidence. Customers depend on Wolters Kluwer services and solutions to
successfully move through the complex layers of data and regulation that define
modern business and government.
Wolters Kluwer had 2012 annual revenues of ?3.6 billion. The group employs over
19,000 people worldwide and maintains operations in over 40 countries across
Europe, North America, Asia Pacific, and Latin America. The company is
headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are
quoted on Euronext Amsterdam (symbol: WKL) and are included in the AEX and
Euronext 100 indices.
Visit our website, YouTube, follow (at)Wolters_Kluwer on Twitter, or look up
Wolters Kluwer on Facebook for more information about our customers, market
positions, brand, and organization.
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please click here.
Forward-looking Statements
This press release contains forward-looking statements. These statements may be
identified by words such as "expect", "should", "could", "shall" and similar
expressions. Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from these
forward-looking statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological developments;
the implementation and execution of new ICT systems or outsourcing; and legal,
tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition, financial
risks such as currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Media Investors/Analysts
Caroline Wouters Meg Geldens
t + 31 (0)172 641 459 t + 31 (0)172 641 407
press(at)wolterskluwer.com ir(at)wolterskluwer.com
PDF version of Press Release:
http://hugin.info/130682/R/1679516/548474.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
[HUG#1679516]
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 231173
Anzahl Zeichen: 4895
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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