Wolters Kluwer Secures Funding with €500 Million Eurobond Deal
Wolters Kluwer Secures €500 Million Eurobond Funding
Wolters Kluwer, known for its strong influence in professional information solutions, software, and services, has recently achieved a significant milestone by pricing a €500 million five-year senior unsecured Eurobond. This development reflects the company's commitment to enhancing its financial framework and operational capabilities.
Details of the Eurobond Offering
The Eurobond is issued at a competitive price of 99.975 percent, accompanied by a solid annual coupon rate of 3.000 percent. This strategic financial move aims to tap into a diverse range of institutional investors and targets a wide European market. The scheduled settlement date for the bond is set for June 30.
Maturity and Rating
The bonds are structured to mature on September 25, 2030, promising a stable return for investors. With a projected A- rating from S&P Global Ratings Europe Limited, this offering is designed to fortify the company's financial position while enhancing shareholder trust.
Utilization of Proceeds
Wolters Kluwer intends to utilize the net proceeds from this Eurobond offering for general corporate purposes. By doing so, the company aims to bolster its operational efficiencies and invest in future growth initiatives. This decision reaffirms the organization’s focus on long-term financial health and sustainable growth.
Collaboration with Leading Financial Institutions
The bond’s issuance was facilitated by prominent financial institutions including Barclays, Commerzbank, Deutsche Bank, IMI – Intesa Sanpaolo, and SMBC, who acted as joint active bookrunners. Their involvement underscores the confidence these institutions have in Wolters Kluwer's strategies and market position.
Future Listings
In terms of visibility and compliance, the bonds will be listed on the Official List of the Luxembourg Stock Exchange, promoting transparency and accessibility for potential investors. This listing aligns with Wolters Kluwer's commitment to maintaining investor relations and market standards.
About Wolters Kluwer
As a global leader in information solutions, Wolters Kluwer (EURONEXT: WKL) serves professionals across various sectors including healthcare, tax and accounting, legal and regulatory, and corporate performance. The company's robust offerings are tailored to assist clients in making informed decisions that drive their operations.
In recent evaluations, Wolters Kluwer demonstrated impressive performance with annual revenues reported at €5.9 billion. Boasting a workforce of approximately 21,900 people and a presence in over 180 countries, the organization is well-equipped to continue its trajectory of growth and service excellence.
Global Reach and Presence
Headquartered in Alphen aan den Rijn, the Netherlands, Wolters Kluwer remains a pivotal entity in the market, reflected by its listing on major indices, including Euronext Amsterdam (WKL) and participating in the AEX, Euro Stoxx 50, and Euronext 100 indices. Additionally, it offers a sponsored Level 1 American Depositary Receipt (ADR) program traded on the U.S. over-the-counter market (WTKWY).
Contact Information
For inquiries, Wolters Kluwer has designated professionals for media and investor relations. Stefan Kloet leads the global communications team, reachable at stefan.kloet@wolterskluwer.com. For investor-related questions, Meg Geldens is the point of contact on the corporate side, with an email available at ir@wolterskluwer.com.
Frequently Asked Questions
What is the purpose of the €500 million Eurobond?
The proceeds will be used for general corporate purposes to enhance operational efficiencies and support growth initiatives.
Who were the bookrunners for this bond issuance?
Barclays, Commerzbank, Deutsche Bank, IMI – Intesa Sanpaolo, and SMBC served as joint active bookrunners for the Eurobond.
When will the bonds mature?
The Eurobond is set to mature on September 25, 2030, allowing for a long-term investment opportunity.
What rating is expected for the Eurobond?
The bonds are expected to receive an A- rating from S&P Global Ratings Europe Limited, indicating strong creditworthiness.
Where will the bonds be listed?
The bonds will be listed on the Official List of the Luxembourg Stock Exchange, ensuring transparency for investors.
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