REG - Next PLC Next Group PLC - Update on Outstanding Notes and RCF

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18/07/2025 14:30

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RNS Number : 7203R  Next PLC  18 July 2025

18 July 2025

 

NEXT plc

 

Update on Outstanding Notes and RCF

 

 

NEXT plc announces that:

 

●      on 17 July 2025, NEXT Group plc (the "Issuer") issued
£300,000,000 5.000 per cent. Notes due 2031 (ISIN: XS3116723712) (the "2031
Notes") unconditionally and irrevocably guaranteed by NEXT plc (the
"Guarantor") under the Issuer's £3,000,000,000 Euro Medium Term Note
Programme;

 

●      on 17 July 2025, the Issuer used part of the issuance proceeds
of the 2031 Notes to purchase an aggregate nominal amount of £136,430,000 of
its £250,000,000 4.375 per cent. Bonds due 2026 guaranteed by the Guarantor
(ISIN: XS0975833319);

 

●      as at 18 July 2025, the outstanding nominal amount of all notes
issued by the Issuer and guaranteed by the Guarantor is:

 

o      £250,000,000 3.000 per cent. Bonds due 2025 (ISIN: XS1985037974),
maturing on 26 August 2025;

 

o      £113,570,000 4.375 per cent. Bonds due 2026 (ISIN: XS0975833319),
maturing on 2 October 2026;

 

o      £300,000,000 3.625 per cent. Bonds due 2028 (ISIN: XS1410414954),
maturing on 18 May 2028; and

 

o      £300,000,000 5.000 per cent. Notes due 2031 (ISIN: XS3116723712),
maturing on 17 July 2031; and

 

●      on 11 April 2025, NEXT Group plc increased the available
commitments under its revolving credit facility (the "RCF") by £100,000,000
to an aggregate amount of £525,000,000, which, as at the date of this
announcement, remains undrawn, bringing the total amount of available
commitments under the RCF and the outstanding notes to £1,488.57m.

 

 

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