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.
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