By Anthony O. Goriainoff

Gatwick Airport Finance PLC said Wednesday that it has raised 450 million pounds ($618.4 million) via an offer of senior secured notes, and that it will use the money for general corporate purposes.

On Monday, the London-based airport company had said it would raise GBP400 million via the offer.

Gatwick said it expects the notes to be issued on April 7, and mature in 2026.

"We are very pleased with the success of this bond issue. The interest shown by investors with strong oversubscription and the competitive pricing underscores the market's confidence in Gatwick's strategy and response to the Covid-19 pandemic," Chief Financial Officer Lorenzo Rebel said.

Gatwick Airport, the U.K.'s second largest airport, is owned 50.01% by Vinci SA with Global Infrastructure Partners LLC owning the rest.

Barclays, NatWest Markets and Santander Corporate & Investment Banking are acting as joint global co-ordinators and joint bookrunners on the issue and Credit Agricole CIB, Lloyds Bank Corporate Markets and National Australia Bank Ltd. are acting as passive joint bookrunners.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

March 31, 2021 11:06 ET (15:06 GMT)

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