07:00 Wed 11 Nov 2020
Informa PLC - COVID-19 Action Plan Update
Informa LEI: 5493006VM2LKUPSEDU20 |
Informa PLC Press Release
COVID-19 Action Plan Update
Stability and Security
Informa (LSE: INF.L), the Information Services, Advanced Learning, B2B Exhibitions and Events Group is today providing a further update on its COVID-19 Action Plan, confirming the completion of its programme of financing activities, following the issue of a follow-on
· Stability & Security in Financing: Informa's COVID-19 Financing Action Plan is now complete, providing the Group with long-term Stability and Security in relation to its balance sheet, with no debt maturities until 2023, no financial covenants and available liquidity of more than
· March: Securing access to a short-term
· April: Securing eligibility to access up to
· April/May: Raising
· September: Issuing
· October: Issuing
· November: The cancellation of our short-term
· Stability & Security in Cash Flow: The completion of our Financing Action Plan, combined with our ongoing Cost Management Programme, which is on track to deliver
· 2020 Pre-Close Update: Given that Informa's Half-Year Results were published in late September, the Group intends to release a Pre-Close Trading Update (rather than a November Trading Update), following the end of the 2020 trading year.
"Informa continues to build Stability and Security through 2021 and beyond, reflecting the combination of continuing strength in digital subscriptions, the progressive re-opening of physical events in Mainland China and other parts of He added: "Following a nine-month programme of activity, we have now concluded the restructuring, refinancing and rescheduling of our debt. Combined with the continued delivery of our COVID-19 Action Plan, this ensures Informa is on track to deliver positive free cash flow from early 2021, with over |
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