79DT Pearson Fd 25

TIDM79DT

RNS Number : 7842G

Pearson Funding PLC

17 November 2022

Pearson Funding plc

November 17, 2022

NOTICE OF REDEMPTION IN RESPECT OF THE

$500,000,000 3.250% GUARANTEED NOTES DUE 2023 (THE "NOTES") (OF WHICH $94,176,000 IN PRINCIPAL AMOUNT ARE OUTSTANDING)

Rule 144A Notes:

Cusip No.: 70501VAA6, ISIN: 1 US70501VAA61, Common Code: 092818845

Regulation S Notes:

Cusip No.: G6964RAA2 ISIN: USG6964RAA26, Common Code: 092818861

OF

PEARSON FUNDING PLC (THE "ISSUER")

GUARANTEED BY PEARSON PLC

NOTICE IS HEREBY GIVEN THAT , pursuant to Section 6.2 of the Indenture, dated as of May 8, 2013 (the "Indenture"), by and among the Issuer, Pearson plc and The Bank of New York Mellon, as Trustee, Paying Agent and Calculation Agent (the "Trustee"), the Company's 3.250% Guaranteed Notes due 2023 (the "Notes"), of which $94,176,000 in principal amount are outstanding, will be redeemed by the Issuer in whole at a redemption price equal to (a) any accrued and unpaid interest to (but excluding) December 16, 2022 (the "Redemption Date") and Additional Amounts (as defined in the Indenture), if any, plus (b) the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) as determined by The Bank of New York Mellon, as Calculation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed, not including any portion of such payment of interest accrued on the Redemption Date, from the Redemption Date to the maturity date, May 8, 2023, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Indenture), plus 25 basis points (the "Redemption Price").

On the Redemption Date, the Redemption Price for each Note will become due and payable and interest thereon, if any, shall cease to accrue on and after such date.

For further information, please contact:

 
 Trustee, Paying Agent and Calculation   The Bank of New York Mellon 
  Agent:                                  One Canada Square 
                                          London E14 5AL 
 Issuer:                                 Pearson Funding plc 
                                          80 Strand 
                                          London WC2R 0RL 
                                        ---------------------------- 
 Guarantor:                              Pearson plc 
                                          80 Strand 
                                          London WC2R 0RL 
                                        ---------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGPGPPGUPPGUM

(END) Dow Jones Newswires

November 17, 2022 05:25 ET (10:25 GMT)

Grafico Azioni Pearson Fd 25 (LSE:79DT)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Pearson Fd 25 (LSE:79DT)
Storico
Da Giu 2023 a Giu 2024