REG-easyJet plc Pricing of Debt

easyJetAnnouncement

14/03/2024 07:15

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   easyJet plc (EZJ)
   Pricing of Debt

   14-March-2024 / 07:00 GMT/BST

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                                    easyJet plc

                                    ("easyJet")

   14 March 2024

                                  Pricing of Debt

   easyJet announces that on 13 March 2024 it priced EUR 850 million of bonds
   under its Euro Medium Term Note (EMTN) programme to be issued on 20 March
   2024 and guaranteed by easyJet FinCo B.V. and easyJet Airline Company
   Limited. The bonds mature in 2031, have a coupon of 3.750% and are expected
   to be rated Baa2 (stable) by Moody's and BBB (positive) by Standard & Poor's,
   with over 200 investors participating in the issue.

   Over the last 18 months, easyJet has retired circa £1.6 billion pounds of
   debt, deleveraging the balance sheet following the recovery in travel post
   pandemic. Part of the issuance proceeds will be used to repay existing debt
   as it matures over the next 18 months.

    

   Commenting on the issue, Kenton Jarvis, Chief Financial Officer, said:

    

   "We are very pleased with the success of this bond issue. The interest shown
   by investors at greater than 4x oversubscription and the competitive pricing
   underscores the market's confidence in easyJet's strategy."

   For further details please contact:

    

   Institutional investors and analysts:

   Adrian Talbot Investor Relations       +44 (0) 7971 592 373
                                           
   Media:
   Anna Knowles  Corporate Communications +44 (0)7985 873 313
   Harry Cameron Teneo                    +44 (0)20 7353 4200
   Olivia Peters Teneo                    +44 (0)20 7353 4200

    

   easyJet plc

   Hangar 89

   London Luton Airport

   Luton

   Bedfordshire

   LU2 9PF

    

   LEI: 2138001S47XKWIB7TH90

    

   DISCLAIMER - INTENDED ADDRESSEES

    

   Please note that the information contained in this announcement and the Final
   Terms may be addressed to and/or targeted at persons who are residents of
   particular countries (specified in the Offering Circular dated 13 February
   2024 (available
   at  1 https://www.rns-pdf.londonstockexchange.com/rns/0027D_1-2024-2-13.pdf))
   only and is not intended for use and should not be relied upon by any person
   outside these countries and/or to whom the offer contained in the Final Terms
   is not addressed. Prior to relying on the information contained in this
   announcement, the Final Terms and the Offering Circular you must ascertain
   from the Final Terms and the Offering Circular whether or not you are part of
   the intended addressees of the information contained therein.

    

   This announcement does not contain or constitute an offer of, or the
   solicitation of an offer to buy, securities to any person in the United
   States or in any jurisdiction to whom or in which such offer or solicitation
   is unlawful. The notes and the guarantees referred to in the Final Terms and
   the Offering Circular (the "securities") have not been, and will not be,
   registered under the US Securities Act of 1933, as amended (the "Securities
   Act"), or under any relevant securities laws of any state of the US and are
   subject to US tax law requirements. Subject to certain exceptions, the
   securities may not be offered or sold directly or indirectly within the US or
   to, or for the account or benefit of, US persons or to persons within the US,
   as such terms are defined in Regulation S under the Securities Act. Any
   forwarding, distribution or reproduction of the Final Terms or the Offering
   Circular in whole or in part is prohibited. Failure to comply with this
   notice may result in a violation of the Securities Act or the applicable laws
   of other jurisdictions. There will be no public offering of the securities
   in the United States.

    

   Your right to access this service is conditional upon complying with the
   above requirement. Your right to access this service is conditional upon
   complying with the above requirement.

    

   Manufacturer target market (EU MiFID II and UK MiFIR product governance) is
   eligible counterparties and professional clients only (all distribution
   channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been
   prepared as not available to retail in EEA or in the UK.

    

   A credit rating is not a recommendation to buy, sell or hold securities and
   may be subject to suspension, reduction or withdrawal at any time by the
   assigning rating agency.

    

   The Offering Circular is available
   at  2 https://www.rns-pdf.londonstockexchange.com/rns/0027D_1-2024-2-13.pdf.
   The Final Terms, when published, will be available
   at  3 www.londonstockexchange.com/news.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00B7KR2P84
   Category Code: MSCH
   TIDM:          EZJ
   LEI Code:      2138001S47XKWIB7TH90
   Sequence No.:  309538
   EQS News ID:   1858269


    
   End of Announcement EQS News Service

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