DUBLIN - Experian (OTC:EXPGF) Finance plc, a subsidiary of the global data and technology company Experian plc, has successfully priced a €500 million bond offering at an interest rate of 3.51%, maturing on December 15, 2033. The bond issuance comes under the Experian's Euro Medium Term Note Programme and is backed by a guarantee from Experian plc, which holds an A3/A- credit rating.
The newly issued bonds are part of the company's strategy to extend the maturity of its debt portfolio and to diversify its funding sources. Experian intends to allocate the proceeds from this bond issue towards general corporate purposes, which include potential acquisitions.
Experian plc, listed on the London Stock Exchange (LON:LSEG) under the ticker LSE:EXPN, is known for leveraging its vast data resources, analytics, and software to provide innovative services across various sectors, including financial services, healthcare, automotive, agrifinance, and insurance. The company's operations span 32 countries, employing approximately 22,500 individuals worldwide, with its corporate headquarters located in Dublin, Ireland.
This bond issue underscores Experian's ongoing efforts to manage its financial structure and support its expansive suite of services aimed at facilitating opportunities for individuals and businesses globally. The company's role in areas such as lending practices, fraud prevention, healthcare simplification, digital marketing solutions, and automotive market insights has positioned it as a key player in data and technology services.
The information regarding the bond issue is sourced from a press release statement provided by Experian plc.
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