Statement re US Private Placement Notes

Summary by AI BETAClose X

Capita plc has successfully issued $55 million in unsecured senior notes, equivalent to £41 million net of swaps, with a three-year maturity and a 7.54 per cent annual GBP coupon, to refinance existing debt and support general corporate purposes. Concurrently, the company amended the interest cover ratio covenant on its existing US Private Placement notes to a range of 3.0x to 3.5x, aligning it with its revolving credit facility and the new issuance, thereby enhancing debt facility consistency and providing greater flexibility during its transformation.

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Capita (CPI)
UK 100

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