ALPHEN AAN DEN RIJN, NETHERLANDS--(Marketwire - Feb 20, 2013) - Wolters Kluwer, a market-
global information services company focused on professionals, today
its intention to issue a benchmark Eurobond in the debt capital markets.
Conditional on the successful completion of this Eurobond, the company
to exercise a call option on its EUR225 million perpetual cumulative
bonds in 2013.
Wolters Kluwer has mandated ABN Amro, Barclays, Rabobank International, and
Royal Bank of Scotland to arrange a series of European fixed income
meetings from March 4 to March 6, 2013. A senior, unsecured capital
transaction of benchmark size may follow, subject to market conditions.
The net proceeds of the bond will be used by Wolters Kluwer to refinance
its 2014 Eurobond maturity and the call of the outstanding perpetual bonds
2013. "The current environment with low underlying interest rates also
an opportunity for attractive financing. On completion, the refinancing
will lower our effective interest rate starting 2014." says Boudewijn
CFO and Member of Executive Board.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions
It provides information, software, and services that help legal, tax,
and healthcare professionals make their most critical decisions effectively
with confidence. Customers depend on Wolters Kluwer services and solutions
successfully move through the complex layers of data and regulation that
modern business and government.
Wolters Kluwer had 2012 annual revenues of EUR3.6 billion. The group
19,000 people worldwide and maintains operations in over 40 countries
Europe, North America, Asia Pacific, and Latin America. The company is
headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer
quoted on Euronext Amsterdam (symbol: WKL) and are included in the AEX and
Euronext 100 indices.
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This press release contains forward-looking statements. These statements
identified by words such as "expect", "should", "could", "shall" and
expressions. Wolters Kluwer cautions that such forward-looking statements
qualified by certain risks and uncertainties that could cause actual
events to differ materially from what is contemplated by the forward-
statements. Factors which could cause actual results to differ from these
forward-looking statements may include, without limitation, general
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological
the implementation and execution of new ICT systems or outsourcing; and
tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition,
risks such as currency movements, interest rate fluctuations, liquidity,
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any
obligation to publicly update or revise any forward-looking statements,
as a result of new information, future events or otherwise.
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Source: Wolters Kluwer NV via Thomson Reuters ONE