Wolters Kluwer Raises €500 Million Through Eurobond Offering
Wolters Kluwer Successfully Completes Eurobond Offering
Wolters Kluwer is proud to announce the successful pricing of its new €500 million seven-year senior unsecured Eurobond. This significant financial move reflects the company's strong position in the professional information and software solutions sector.
Details of the Eurobond Issuance
The bonds offered were priced at an impressive issue price of 99.278 percent and carry a competitive annual coupon of 3.375 percent. Investors can expect the settlement of these securities to take place shortly, adding to the company's robust financing capabilities.
The maturity date for these senior unsecured bonds is set for March 20, 2032, with the expectation of receiving an A3 rating from Moody's. The proceeds from this offering are earmarked to serve general corporate purposes, allowing for strategic growth and operational flexibility.
Broad Investor Interest
The demand for the bonds has been notable, with institutional investors across Europe showing keen interest. This engagement highlights the confidence investors have in Wolters Kluwer's business model and operational excellence.
Wolters Kluwer engaged key financial institutions as joint bookrunners for this Eurobond issuance, including ABN AMRO, Bank of America, Citigroup, ING Bank, and Rabobank. Their involvement underscores the strong network supporting the bond's market entry.
About Wolters Kluwer
Wolters Kluwer NV (NASDAQ: WTKWY) holds a distinguished reputation as a leader in providing information solutions, software, and services tailored for professionals in various fields, including healthcare, financial services, legal, and regulatory compliance. Through innovative solutions that integrate expert knowledge with technology, the company aids clients in making crucial decisions every day.
In the last reporting year, Wolters Kluwer achieved impressive annual revenues totaling €5.9 billion. Operating in more than 180 countries, the organization prides itself on a global workforce of around 21,600 individuals, committed to delivering exceptional value to their customers.
Company Commitment to Stakeholders
Wolters Kluwer is dedicated to maintaining transparent and open communication with its stakeholders. For media inquiries, contact:
Stefan Kloet, Associate Director Global Communications
Phone: +316 12 22 36 57
Email: stefan.kloet@wolterskluwer.com
For investor relations, reach out to:
Meg Geldens, Investor Relations
Email: ir@wolterskluwer.com
Frequent Updates and Engagement
Wolters Kluwer actively shares updates on its corporate activities and financial performance. Stakeholders can connect through their official channels or tune into various platforms for the latest insights.
Frequently Asked Questions
What is the purpose of the €500 million Eurobond?
The proceeds from the Eurobond will be utilized for general corporate purposes, supporting the company's strategic objectives.
What is the maturity date of the Eurobond?
The Eurobond is set to mature on March 20, 2032.
What is the expected rating for the Eurobond?
The Eurobond is expected to receive an A3 rating from Moody's.
Who were the bookrunners for the bond issuance?
The bookrunners include ABN AMRO, Bank of America, Citigroup, ING Bank, and Rabobank.
How can investors stay informed about Wolters Kluwer?
Investors can stay informed by visiting the official Wolters Kluwer website and following their updates on various social media platforms.
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