Woolworths to sell £100 mln 5-year notes via Barclays

By Paul A. Harris

St. Louis, Mo., Nov. 1 - Woolworths Group plc is on the road in Europe with a £100 million offering of senior notes due 2006, sources told Prospect News. Pricing is scheduled for midweek during the week of Nov. 5.

Barclays Capital was identified as the sole bookrunner, with Royal Bank of Scotland Financial Markets as joint lead.

The notes are callable at any time at par plus a make-whole premium, the source said.

Proceeds will be used to refinance an interim facility put in place at the time of Woolworths' de-merger from Kingfisher plc, the source said.

The roadshow, which is taking place in Europe only, is presently underway and will conclude early in the week of Nov. 5, the source said, adding that the U.S. investors will be serviced via conference calls.

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