MICRO FOCUS GROUP LIMITED ANNOUNCES ISSUANCE OF FURTHER LOAN NOTES AND REPAYMENTS

Date31-May-2016

CAYMAN ISLANDS STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release

 

Micro Focus Group Limited

(the "Issuer")

 

Issuance of Further Loan Notes and Repayments

 

The Issuer announces that on 30 October 2015 it made a payment of US$20,000,000 RCF floating rate redeemable loan notes 2019 (the "RCF Loan Notes") and upon such payment those applicable RCF Loan Notes were not cancelled and the Issuer remained at liberty to reissue the same. Following such repayment, US$0 of the RCF Loan Notes remained outstanding at that date.

 

The Issuer further announces that on 29 April 2016 a further issue of the RCF Loan Notes was made in the amount of US$225,000,000 in connection with the acquisition by Micro Focus (US) Inc., an indirect subsidiary of the Issuer, of Spartacus Acquisition Holdings Corp., the holding company of Serena Software Inc. and its subsidiaries, at an enterprise value of US$540,000,000. Following such issuance, US$225,000,000 of the RCF Notes were outstanding at that date.

 

The Issuer further announces that on 31 May 2016 it made a payment of US$45,000,000 RCF Loan Notes and upon such payment those applicable RCF Loan Notes were not cancelled and the Issuer remained at liberty to reissue the same. Following such repayment US$180,000,000 of the RCF Loan Notes remain outstanding.

 

For further information in relation to the above announcement please contact the Issuer as follows:

 

Micro Focus Group Limited

The Lawn, 22-30 Old Bath Road, Newbury, Berkshire, United Kingdom, RG14 1QN, England