Saughter and May advised International Workplace Group on a tap issuance

Saughter and May advised International Workplace Group plc (“IWG”) on an issuance that increased the size of the EUR 300,000,000 5.125 per cent. guaranteed bonds due 2032 issued on 14 May 2025 by its subsidiary, IWG US Finance LLC (the “Existing Notes”) by EUR 200,000,000 to EUR 500,000,000 in aggregate via a bond tap on the same terms as the Existing Notes (the “New Notes”). The tap issuance was carried out pursuant to paragraphs 8 and 9 of Section 3 of the International Securities Market Rulebook (permitting unlimited further issues) and no admission particulars were required.

The New Notes are guaranteed by IWG and certain other group companies and will be consolidated and form a single series with the Existing Notes with effect from 2 August 2026. The New Notes were admitted to trading on the International Securities Market of the London Stock Exchange plc on 24 June 2026. The net proceeds from the tap issuance will be used towards the general corporate purposes of IWG and its subsidiaries.

IWG offers workspace solutions across every continent and time zone around the world, with over eight million workspace users across over 4,000 workspace locations globally.