G4S PLC Notification Of Change In Issuer Rating And Issue Rating
26 April 2021 - 8:00AM
UK Regulatory
TIDMGFS
26 April 2021
G4S plc ("G4S" or the "Company")
Notification of Change in Issuer Rating and Issue Rating
G4S notes that following its announcement of 26 February 2021 placing
the Company's 'BBB-/A-3' ratings on Credit Watch negative, S&P Global
Ratings announced on 22 April 2021, that it had downgraded:
-- G4S plc's issuer credit rating; and
-- G4S plc's senior unsecured debt rating (in respect of senior bonds issued
by, or guaranteed by, G4S plc),
in each case, from BBB- to B.
On 8 December 2020 the boards of directors managing Allied Universal
Topco LLC ("Allied Universal") and of G4S announced that they had
reached agreement on the terms of a recommended cash offer, to be made
by Atlas UK Bidco Limited ("Allied Bidco"), a newly incorporated entity
that is indirectly controlled by Allied Universal, to acquire the entire
issued and to be issued share capital of G4S (the "Offer"). On 16 March
2021, the Offer became unconditional as to acceptances and on 6 April
2021, the Offer was declared unconditional in all respects.
Celine Barroche
Company Secretary
For further enquiries, please contact:
Helen Parris Director of Investor Relations +44
(0) 207 9633189
Media enquiries
Sophie McMillan Head of Media
+44 (0) 759 5523483
Press office +44 (0) 207 9633333
Notes to Editors
G4S is a leading global security company, specialising in the provision
of security services and solutions to customers. Our mission is to
create material, sustainable value for our customers and shareholders by
being the supply partner of choice in all our markets.
G4S is now a part of Allied Universal and is currently quoted on the
London Stock Exchange (until at least 5 May 2021). On 16 April 2021, G4S
completed its delisting from the exchange in Copenhagen, where it had a
secondary listing.
After taking account of the businesses being sold in the year, G4S is
active in more than 80 countries and has around 533,000 employees. For
more information on G4S, visit www.g4s.com.
(END) Dow Jones Newswires
April 26, 2021 02:00 ET (06:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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