October 02, 2014 6:50 AM ET

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Company Overview of Reed Elsevier Capital, Inc.

Company Overview

Reed Elsevier Capital, Inc. was founded in 1995 and is based in Wilmington, Delaware. Reed Elsevier Capital, Inc. operates as a subsidiary of Reed Elsevier Group Plc.

1105 North Market Street

Suite 501

Wilmington, DE 19801

United States

Founded in 1995

Phone:

302-427-9299

Key Executives for Reed Elsevier Capital, Inc.

Chief Executive Officer and Director
Age: 59
Chief Financial Officer and Director
Compensation as of Fiscal Year 2014.

Reed Elsevier Capital, Inc. Key Developments

Reed Elsevier Capital, Inc. Announces Final Settlement Results of Private Exchange Offers

Reed Elsevier Capital Inc. announced the final settlement results of the previously announced private offers to exchange its outstanding 7.750% Notes due 2014 and its outstanding 8.625% Notes due 2019 for up to $600 million aggregate principal amount of its 3.125% notes due 2022 and cash. The new notes are unsecured senior obligations of the company and are fully and unconditionally guaranteed jointly and severally by Reed Elsevier PLC and Reed Elsevier NV. On November 5, 2012, $78,225,000 aggregate principal amount of 2014 Notes and $220,906,000 aggregate principal amount of 2019 Notes had been validly tendered and not validly withdrawn pursuant to the Private Exchange Offers. In exchange for the $78,225,000 aggregate principal amount of 2014 Notes tendered, $44,061,000 aggregate principal amount of New Notes will be issued, together with $41,457,539 of cash. In exchange for the $220,906,000 aggregate principal amount of 2019 Notes tendered, $267,115,000 aggregate principal amount of New Notes will be issued, together with $33,273,833 of cash. Presently $592,000 aggregate principal amount of New Notes will be issued together with cash of $505,128 in exchange for such 2014 Notes and $267,115,000 aggregate principal amount of New Notes will be issued together with cash of $33,273,833 in exchange for such 2019 Notes. After giving effect to the Private Exchange Offers, an aggregate principal amount of $461,025,000 of 2014 Notes, $729,094,000 of 2019 Notes and $561,176,000 of New Notes, including the $250,000,000 of New Notes issued for cash on October 16, 2012, will be outstanding.

Reed Elsevier Capital, Inc. Announces Pricing of Private Cash Offering and Terms of Private Exchange Offers

Reed Elsevier Capital, Inc. announced that it has priced a private cash offering of $250 million aggregate principal amount of notes due 2022. The new notes will be unsecured senior obligations of Reed Elsevier Capital Inc. and will be fully and unconditionally guaranteed jointly and severally by Reed Elsevier PLC and Reed Elsevier NV. The new notes will pay a coupon of 3.125% and mature on October 15, 2022. Completion of the issue is expected to occur on October 16, 2012. Reed Elsevier Capital Inc. also announced the terms and conditions of private offers to exchange its outstanding 7.750% notes due 2014 and its outstanding 8.625% notes due 2019 for up to $600 million aggregate principal amount of new notes and cash, with the old notes to be accepted in the following order of priority: first, the 2014 notes and, second, the 2019 notes. The aggregate principal amount of outstanding 2019 notes to be exchanged will be determined such that the aggregate principal amount of new notes issued in exchange for the 2019 notes does not exceed the difference, if any, between the maximum exchange amount and the aggregate principal amount of new notes issued in exchange for 2014 notes validly tendered and not validly withdrawn.

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