NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN
18 February 2021
The Sage Group plc ("Sage") announces that it has launched and successfully priced a debut bond offering of
The Notes issue extends the maturity of the Group's debt portfolio and diversifies its funding sources. Sage intends to use the proceeds to repay its existing indebtedness and for general corporate purposes. Sage has been rated BBB+ (stable) by S&P.
Application will be made for the Notes to be admitted to the official list of the Financial Conduct Authority and to be admitted to trading on the regulated market of the London Stock Exchange.
The Joint Bookrunners were BofA Securities, J.P. Morgan and Lloyds Bank Corporate Markets.
The Sage Group plc +44 (0) 7900 046714
James Sandford, VP, Investor Relations
Amy Lawson, EVP Communications
Jacqui Cartin, EVP Group Financial Controller / James Thomas, VP Treasury
FTI Consulting +44 (0) 20 3727 1000
Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.
This announcement does not constitute an offering of the Notes for sale in
Under no circumstances shall this announcement constitute an offer to sell or the solicitation of an offer to buy any Notes in any jurisdiction where it is unlawful to do so. Recipients of this announcement who intend to subscribe for or purchase the Notes are reminded that any subscription or purchase may only be made on the basis of the information contained in the final prospectus relating to the Notes.