By Lisa Kerner
Charlotte, N.C., July 31 - National Express Group plc announced it entered into a private placement note purchase agreement to issue €78.5 million of 4.55% senior notes due Aug. 16, 2021.
Proceeds will be used to repay part of the company's existing bank debt, to extend debt maturities and to diversify and strengthen the group's overall funding structure, a company news release said.
National Express is a public transport group that operates bus and coach services in the United Kingdom, continental Europe/North Africa and North America and rail services in the United Kingdom. The company is based in Birmingham, England.
| Issuer: | National Express Group plc
|
| Issue: | Senior notes
|
| Amount: | €78.5 million
|
| Coupon: | 4.55%
|
| Maturity: | Aug. 16, 2021
|
| Distribution: | Private placement
|
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