Copenhagen, 30 June 2020
NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES. NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON IN ANY JURISDICTION WHERE RELEASE, PUBLICATION OR DISTRIBUTION TO SUCH PERSON IS RESTRICTED BY ANY LAW OR REGULATION APPLICABLE IN SUCH JURISDICTION
ISS Finance B.V. - a wholly owned subsidiary of ISS Global A/S - has today successfully priced an issuance of 5 year EUR bonds for a principal amount of EUR 500 million maturing on 7 July 2025 with a coupon of 1.250%. The notes are guaranteed by ISS Global A/S.
The notes will be issued on 7 July 2020 under the companies’ EUR 3bn European Medium Term Note (EMTN) programme, which is listed on the Luxembourg Stock Exchange.
The net proceeds of the offering will be on-lent within the ISS Group and ultimately used for the repayment of ISS Global A/S’ EUR 300 million EMTN’s maturing in January 2021 and for further bolstering of the ISS Group’s solid liquidity position.
Pierre-François Riolacci, Group CFO, ISS A/S, said:
"ISS has a solid capital structure with only EUR 300m of short-term maturities. These maturities we have effectively refinanced with this bond issuance leaving all meaningful maturities to 2024 or beyond and bolstering an already excellent liquidity position even further. We are very pleased with the strong investor support demonstrated by the above 4x oversubscription and the outcome of the transaction."
For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 20 27 15 25
Daniel McKay, Senior Investor Relations Manager, +45 22 24 65 42
For media enquiries
Maja Korshin, PR & Media Senior Manager, +45 20 69 65 50
PLEASE NOTE THAT THE INFORMATION CONTAINED IN THE PROSPECTUS PUBLISHED ON 26 JUNE AND THE FINAL TERMS PUBLISHED IN CONNECTION WITH THE NOTES MAY BE ADDRESSED TO AND/OR TARGETED AT PERSONS WHO ARE RESIDENTS OF PARTICULAR COUNTRIES (AS SPECIFIED IN THE PROSPECTUS AND THE FINAL TERMS) ONLY AND IS NOT INTENDED FOR USE AND SHOULD NOT BE RELIED UPON BY ANY PERSON OUTSIDE THESE COUNTRIES AND/OR TO WHOM THE OFFER CONTAINED IN THE PROSPECTUS AND THE FINAL TERMS IS NOT ADDRESSED. PRIOR TO RELYING ON THE INFORMATION CONTAINED IN THE PROSPECTUS AND THE FINAL TERMS YOU MUST ASCERTAIN FROM THE PROSPECTUS AND THE FINAL TERMS WHETHER OR NOT YOU ARE PART OF THE INTENDED ADDRESSEES OF THE INFORMATION CONTAINED THEREIN.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION TO AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THE SECURITIES REFERRED TO HEREIN, IN OR INTO ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. ANY DECISION TO INVEST IN THE SECURITIES REFERRED TO HEREIN MUST BE MADE SOLELY ON THE BASIS OF THE PROSPECTUS PUBLISHED ON 26 JUNE 2020, AS AMENDED OR SUPPLEMENTED FROM TIME TO TIME.
THIS ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN REGULATION S) UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY PERSON WHO RECEIVES THIS ANNOUNCEMENT CONTRARY TO THE FOREGOING SHOULD NOT ACT OR RELY ON THIS ANNOUNCEMENT OR ANY OF ITS CONTENTS IN RELATION TO THE SECURITIES. THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
ISS is a leading workplace experience and facility management company. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. In 2019, ISS Group’s global revenue amounted to DKK 78.6 billion. For more information on the ISS Group, visit www.issworld.com.
ISS A/S, ISIN DK0060542181, ISIN US4651472056
ISS Global A/S, ISIN XS1145526585, ISIN XS1330300341, ISIN XS1145526825, ISIN XS1673102734