Rentokil Initial (RTO) calls €500M 0.875% 2026 senior notes
Rhea-AI Filing Summary
Rentokil Initial plc plans to redeem in full its €500,000,000 0.8750% Senior Unsecured Guaranteed Notes due 30 May 2026. The company has notified holders that all outstanding Notes will be redeemed on 2 March 2026 at their principal amount plus accrued interest.
After this early redemption, the Notes will be cancelled and there will be no Notes outstanding. Rentokil Initial also intends to complete the formalities to delist the Notes from the London Stock Exchange as soon as possible following the redemption date.
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Insights
Rentokil is calling €500M of low‑coupon notes ahead of 2026 maturity.
Rentokil Initial plc will redeem all €500,000,000 0.8750% Senior Unsecured Guaranteed Notes due 30 May 2026 on 2 March 2026, paying principal plus accrued interest. This removes a specific euro‑denominated debt instrument from its capital structure earlier than scheduled.
The notes will be cancelled after redemption, and the company intends to delist them from the London Stock Exchange. The announcement does not state whether this redemption is linked to refinancing, internal cash resources, or broader balance sheet strategy, so the net economic effect is not detailed.
Investors may focus on subsequent disclosures around funding sources and any new issuances or facilities that might replace these Notes, as well as future filings that describe the overall debt maturity profile and interest expense trajectory after this redemption.
