REG - Mobico Group PLC - Mobico Secures €500m Debt Financing

MobicoAnnouncement

26/09/2023 12:00

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RNS Number : 7072N  Mobico Group PLC  26 September 2023

26 September 2023

MOBICO GROUP PLC

Mobico Secures €500m Debt Financing

Mobico Group PLC ("Mobico" or the "Company"), a leading international shared
mobility provider, announces that it has successfully priced and issued
€500m eight-year notes under its £1.5bn Euro Medium Term Note Programme
(the "Bonds"). The Bonds have a fixed coupon of 4.875%, have been rated Baa2
and BBB by Moody's and Fitch respectively, and will mature on 26 September
2031.

The Bonds will be listed on the Main Market of the London Stock Exchange.

Today's issuance marks Mobico's inaugural benchmark EUR-denominated bonds and
is consistent with the Company's objective of diversifying its sources of
funding. The proceeds from the issue of the Bonds will primarily be used to
refinance the Group's existing debt, including its £400m 2.5% bonds which are
due to mature on 11 November 2023.

James Stamp, Group Chief Financial Officer of Mobico, said: "We are pleased by
the support we received from investors in this debt issue. The issue
strengthens our debt maturity profile, diversifies our sources of funding and
provides us with a stronger platform from which to deliver future growth."

 

Enquiries

 

Mobico Group PLC

 

 John Dean, Investor Relations Director  0121 803 2580

 

Headland

 

  Mobico@headlandconsultancy.com

                     07734 956201

 Stephen Malthouse
 Matt Denham         07551 825496

 

About the Group

Mobico Group is a leading, international shared mobility provider with bus,
coach and rail services in the UK, North America, continental Europe, North
Africa and the Middle East.

 

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification:  3.1 (with reference to DTR 6 Annex 1R)

 

DISCLAIMER - INTENDED ADDRESSEES

 

Please note that the Bonds have not been registered under the U.S. Securities
Act of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration. This announcement
shall not constitute an offer to sell or the solicitation of an offer to buy
the Bonds described herein, nor shall there be any sale of these Bonds in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.

 

 

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