Mobico Group PLC Mobico Secures EUR500m Debt Financing (7072N)

TIDMMCG

RNS Number : 7072N

Mobico Group PLC

26 September 2023

MOBICO GROUP PLC

Mobico Secures EUR500m Debt Financing

Mobico Group PLC ("Mobico" or the "Company"), a leading international shared mobility provider, announces that it has successfully priced and issued EUR500m eight-year notes under its GBP1.5bn 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 GBP400m 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

 
 
   Stephen Malthouse    07734 956201 
 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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END

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(END) Dow Jones Newswires

September 26, 2023 06:49 ET (10:49 GMT)

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