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Elsevier Announces Publishing Agreement with the National Association of Postgraduate Centers of Economics, Brazil
PR Newswire Europe - Mon Jun 24, 6:02AM CDT
AMSTERDAM, June 24, 2013 /PRNewswire/ --
Reed Elsevier announces Private Notes Exchange
M2 - Mon Mar 25, 6:45AM CDT
Reed Elsevier Capital Inc. (the "Company"), a wholly-owned US subsidiary of Reed Elsevier Group plc, today announced that it has entered into a private exchange agreement to acquire approximately $309m aggregate principal amount of the Company's outstanding 8.625% Notes due 2019 for approximately $389m aggregate principal amount of the Company's 3.125% notes due 2022 (the "New Notes") and cash (the "Private Exchange"). Settlement is subject to customary closing conditions and is expected to occur on March 27, 2013. The New Notes are unsecured senior obligations of Reed Elsevier Capital Inc. and are fully and unconditionally guaranteed (the "Guarantees") jointly and severally by Reed Elsevier PLC and Reed Elsevier NV (the "Guarantors").