Intrum has successfully issued an 8 year EUR 850 million senior unsecured fixed rate bond with a coupon of 3.0 per cent (the “Notes”). Application will be made to list the Notes on the Securities Official List of the Luxembourg Stock Exchange. The offering of the Notes is expected to close on September 19, 2019, subject to customary closing conditions.
Proceeds will be used to refinance EUR 750 million of Intrum’s outstanding EUR 1,500 million fixed rate notes due 2022, which are callable at 101.375 per cent. The excess proceeds will be used to repay the RCF. With this issue Intrum has