50 SKY SHADES - World aviation news

Rolls-Royce issues $1.5 bn worth US bonds

Download: Printable PDF Date: 07 Oct 2015 11:19 (UTC) category:
Publisher:
Rolls-Royce issues $1.5 bn worth US bonds - Manufacturer publisher
Dana Ermolenko
Source: Aerotime

Rolls-Royce plc (the “Issuer”) announces that is has successfully priced a U.S. dollar-denominated issue of notes (the “Notes”) raising gross proceeds of approximately U.S.$1,498,740,000. The Notes will be issued by Rolls-Royce plc and guaranteed by Rolls-Royce Holdings plc, pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”).

The transaction consists of U.S.$500,000,000 aggregate principal amount of 2.375% Notes due 2020 and U.S.$1,000,000,000 aggregate principal amount of 3.625% Notes due 2025 and is the debut issuance for the Rolls-Royce Group in this market. It is expected that the proceeds of the offering will be used for general corporate purposes and to enhance liquidity.

The issue is scheduled to close on October 14, 2015, subject to customary conditions. It is expected that the Offering Memorandum in respect of the Notes will shortly be filed with the UK Listing Authority.





Recommended

Daher Aircraft delivers the 400th Kodiak, underscoring this airplane family's expanding global reach and mission versatility

Daher Aircraft has delivered the 400th Kodiak, marking a significant achievement for the multi-role airplane family as its customer base continues to expand across government, commercial, business and...

Gulfstream reclaims city pair speed record Los Angeles to Farnborough

Gulfstream G700 set a new Los Angeles to Farnborough, England, city pair speed record, completing the 4,740-nautical-mile/8,778-kilometer journey in 8 hours and 27 minutes from takeoff to touchdown. T...

Cessna Citation CJ3 Gen3 achieves first flight, advancing next-generation light jet toward certification

Textron Aviation achieved a key milestone as the Cessna Citation CJ3 Gen3 prototype aircraft completed its first flight, advancing the next-generation light jet toward certification. With th...

Liebherr-Aerospace Technology (Shanghai) celebrates groundbreaking

The groundbreaking event of Liebherr-Aerospace Technology (Shanghai) is a milestone that marks a significant step for Liebherr – one of the world's top three landing gear suppliers with deca...

Android Apps development in Riga, Latvia