Slaughter and May advised FirstGroup on its issue of US private placement notes

Slaughter and May advised FirstGroup plc on its US private placement of $100,000,000 4.17% notes due 27 March 2025 and $175,000,000 4.29% notes due 27 March 2028. The notes were placed with US institutional investors. The proceeds of the issuance were used towards the repurchase of FirstGroup’s existing £300,000,000 8.125 per cent. Bonds due 2018 on 28 March 2018.