REG - JTC PLC - Issue of US Private Placement

JTCAnnouncement

24/06/2025 07:00

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RNS Number : 0277O  JTC PLC  24 June 2025

24 June 2025

 

JTC PLC

 

(the "Company" and together with its subsidiaries "JTC" or the "Group")

 

Successful issue of US Private Placement ("USPP")

 

JTC strengthens capital structure with $75m USPP

 

JTC, the global professional services provider, is pleased to announce the
successful completion of a $75m issue of new USPP notes (the "Notes). The
Notes have a 5-year tenor and are priced at 6.25%.

 

This represents JTC's debut issue in the USPP market. Proceeds from the USPP
will be used in part to finance the Citi Trust acquisition, retaining capacity
in JTC's existing bank debt facilities to continue its strategic growth plans.

 

The issuance delivers on JTC's strategic objective to diversify the sources of
its debt financing, whilst also extending maturity on attractive terms.
Covenants are aligned to those of the Group's existing bank debt facilities.

 

Nigel Le Quesne, CEO of JTC, said:

 

"We are pleased to have successfully completed our first US Private Placement.
The refinancing strengthens our balance sheet, extends our debt maturity
profile, and diversifies our capital structure. It also gives the Group access
to a new debt investor base in the future to support our growth ambitions."

 

Disclaimer

 

This announcement does not constitute an offer to sell or the solicitation of
an offer to buy the Notes or any other security and shall not constitute an
offer, solicitation or sale in the United States or in any jurisdiction in
which, or to any persons to whom, such offering, solicitation or sale would be
unlawful.

 

The Notes will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act") or the securities laws of any state or other
jurisdiction of the United States, and may not be offered or sold within the
United States, or to, or for the account or benefit of, U.S. persons, except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state or local
securities laws.

 

 

This Announcement contains inside information within the meaning of Article
7(1) of the assimilated Regulation No. 596/2016 as it forms part of the law of
the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as
amended and supplemented. The person responsible for releasing this
Announcement on behalf of the Company is Miranda Lansdowne, Joint Company
Secretary, JTC (Jersey) Limited.

 

 

Enquiries

 

For further information please contact:

 JTC plc
 Nigel Le Quesne, Chief Executive Officer      Tel: +44 (0) 1534 700 700
 Martin Fotheringham, Chief Financial Officer  Tel: +44 (0) 1534 700 110
 David Vieira, Chief Communications Officer    Tel: +44 (0) 7797 735 444

 Camarco (Financial PR)
 Geoffrey Pelham-Lane                          Tel: +44 (0) 7733 124 226
 Sam Morris                                    Tel: +44 (0) 7796 827 008

About JTC

JTC is a publicly listed, global professional services business with deep
expertise in fund, corporate and private client services. Every JTC person is
an owner of the business and this fundamental part of our culture aligns us
with the best interests of all our stakeholders. Our purpose is to maximise
potential and our success is built on service excellence, long-term
relationships and technology capabilities that drive efficiency and add value.

http://www.jtcgroup.com/ (http://www.jtcgroup.com/)

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