4 December 2015

RELX Finance establishes USD 3 billion Commercial Paper Programme

De Brauw Blackstone Westbroek has advised RELX Finance on establishing their USD 3 billion US Commercial Paper Programme, irrevocably and unconditionally guaranteed by RELX NV and RELX PLC on a senior unsecured basis.

The Programme establishes the framework under which RELX, formerly known as Reed Elsevier, can issue commercial paper in the future. Commercial paper is an unsecured promissory note with a fixed maturity of no more than 12 months and is used by corporations to fund their short-term obligations.

Menno Stoffer, Pim van Leersum, Tom Abeln, Mariken van Loopik, and Mirjam Kerkhof