REG - Pearson PLC - Expiration of Offers to Purchase Notes <Origin Href="QuoteRef">PSON.L</Origin>

PearsonAnnouncement

14/08/2017 15:07

RNS Number : 9446N
Pearson PLC
14 August 2017
Pearson Announces the Expiration of its Offers to Purchase for Cash 3.75% Notes due 2022 and 3.25% Notes due 2023 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. 
14 August 2017
London - On 4th August 2017, Pearson announced the launch of market tenders, through its subsidiaries Pearson Funding Four plc and Pearson Funding Five plc (the "Issuers"), to repurchase all or any of its $500m 3.75% US Dollar Notes due 2022 (the "2022 Notes") and $500m 3.25% US Dollar Notes due 2023 (the "2023 Notes"). The tenders have now closed, and $385,389,000 of the 2022 Notes and $406,049,000 of the 2023 Notes will be bought back and cancelled. The Issuers or Pearson may in future make further market purchases of the 2022 Notes and/or the 2023 Notes as part of Pearson's ongoing treasury management activities.
For more information:
Telephone: +44 20 7010 2310
Investors: Tom Waldron
Press: Tom Engel, Tom Steiner
Treasury: Katharine Good, Sunil Boorman

This information is provided by RNS
The company news service from the London Stock Exchange
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