79DT Pearson Fd 25

TIDM79DT

RNS Number : 7842G

Pearson Funding PLC

17 November 2022

Pearson Funding plc

November 17, 2022

NOTICE OF REDEMPTION IN RESPECT OF THE

$500,000,000 3.250% GUARANTEED NOTES DUE 2023 (THE "NOTES") (OF WHICH $94,176,000 IN PRINCIPAL AMOUNT ARE OUTSTANDING)

Rule 144A Notes:

Cusip No.: 70501VAA6, ISIN: 1 US70501VAA61, Common Code: 092818845

Regulation S Notes:

Cusip No.: G6964RAA2 ISIN: USG6964RAA26, Common Code: 092818861

OF

PEARSON FUNDING PLC (THE "ISSUER")

GUARANTEED BY PEARSON PLC

NOTICE IS HEREBY GIVEN THAT , pursuant to Section 6.2 of the Indenture, dated as of May 8, 2013 (the "Indenture"), by and among the Issuer, Pearson plc and The Bank of New York Mellon, as Trustee, Paying Agent and Calculation Agent (the "Trustee"), the Company's 3.250% Guaranteed Notes due 2023 (the "Notes"), of which $94,176,000 in principal amount are outstanding, will be redeemed by the Issuer in whole at a redemption price equal to (a) any accrued and unpaid interest to (but excluding) December 16, 2022 (the "Redemption Date") and Additional Amounts (as defined in the Indenture), if any, plus (b) the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) as determined by The Bank of New York Mellon, as Calculation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed, not including any portion of such payment of interest accrued on the Redemption Date, from the Redemption Date to the maturity date, May 8, 2023, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Indenture), plus 25 basis points (the "Redemption Price").

On the Redemption Date, the Redemption Price for each Note will become due and payable and interest thereon, if any, shall cease to accrue on and after such date.

For further information, please contact:

 
 Trustee, Paying Agent and Calculation   The Bank of New York Mellon 
  Agent:                                  One Canada Square 
                                          London E14 5AL 
 Issuer:                                 Pearson Funding plc 
                                          80 Strand 
                                          London WC2R 0RL 
                                        ---------------------------- 
 Guarantor:                              Pearson plc 
                                          80 Strand 
                                          London WC2R 0RL 
                                        ---------------------------- 
 

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(END) Dow Jones Newswires

November 17, 2022 05:25 ET (10:25 GMT)

Pearson Fd 25 (LSE:79DT)
過去 株価チャート
から 12 2024 まで 12 2024

Pearson Fd 25 (LSE:79DT)
過去 株価チャート
から 12 2023 まで 12 2024