Sage Group plc (LSE:SGE) has notified holders of its EUR500 million 3.820% notes due February 2028 that it will exercise its issuer call option to redeem all outstanding notes.
The redemption is scheduled for 28 September 2026 and will be made at the make-whole optional redemption amount, together with accrued interest.
A determination agent will calculate the final redemption amount on 23 September, with Sage expected to issue a further notice providing the amount payable.
Following redemption, the company intends to apply for cancellation of the notes from the FCA’s official list and their admission to trading on the London Stock Exchange’s Main Market.
Repayment will be processed through the applicable clearing systems.
More about Sage Group plc
Sage Group plc is a provider of finance, human resources and payroll software for small and mid-sized businesses.
The company’s technology connects financial and workforce management functions and is used by businesses, accountants and other partners to manage areas including finance, payroll and related business processes.
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