Wolters Kluwer successfully prices €500 million seven-year Eurobond
Rhea-AI Summary
Wolters Kluwer (WTKWY) has successfully priced a new €500 million seven-year senior unsecured Eurobond offering. The bonds were issued at 99.278% of face value with a 3.375% annual coupon and will mature on March 20, 2032.
The securities, expected to receive a Moody's A3 rating, were distributed to various institutional investors across Europe. The settlement date is set for March 20, 2025. ABN AMRO, Bank of America, Citigroup, ING Bank, and Rabobank served as joint active bookrunners for the offering, which will be listed on the Luxembourg Stock Exchange. The net proceeds will be used for general corporate purposes.
Positive
- Successfully secured €500M in debt financing
- Strong A3 credit rating expected from Moody's
- Broad institutional investor interest across Europe
Negative
- New debt obligation increases company's interest expenses
- 3.375% coupon rate reflects higher interest rate environment
News Market Reaction 1 Alert
On the day this news was published, WTKWY declined 1.37%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PRESS RELEASE
Wolters Kluwer successfully prices
Alphen aan den Rijn – March 13, 2025 – Wolters Kluwer, a global leader of professional information, software solutions, and services, today announced that it has successfully priced a new
The bonds were sold at an issue price of 99.278 per cent and carry an annual coupon of
3.375 per cent. The settlement date has been set for March 20, 2025. The securities were placed with a broad range of institutional investors across Europe.
The senior unsecured bonds will mature on March 20, 2032. The notes are expected to be rated A3 by Moody’s. The net proceeds of the offering will be used for general corporate purposes.
ABN AMRO, Bank of America, Citigroup, ING Bank, Rabobank acted as joint active bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.
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About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information solutions, software and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Wolters Kluwer reported 2024 annual revenues of
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.
| Media | Investors/Analysts |
| Stefan Kloet | Meg Geldens |
| Wolters Kluwer Associate Director Global Communications | Wolters Kluwer Investor Relations |
| m +316 12 22 36 57 stefan.kloet@wolterskluwer.com | ir@wolterskluwer.com |
Forward-looking Statements and Other Important Legal Information
This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; conditions created by any pandemics; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Trademarks referenced are owned by Wolters Kluwer N.V. and its subsidiaries and may be registered in various countries.
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FAQ
What are the key terms of Wolters Kluwer's (WTKWY) new Eurobond offering?
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When is the settlement date for Wolters Kluwer's €500M Eurobond?
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Which banks are the bookrunners for WTKWY's Eurobond offering?
