Slaughter and May advised Whitbread Group PLC on its issue of £450 million 3.375% senior unsecured bonds, due 2025. The bonds are guaranteed by Whitbread PLC, Premier Inn Hotels Limited and Costa Limited. The bonds are expected to be issued on 28 May 2015 and are expected to be rated BBB (stable) by Fitch. The proceeds of the bonds will be used for general corporate purposes.

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Financing: Matthew Tobin (partner), Paul Rajkumar (associate).