Coats Group PLC $250m US private placement (3627Q)
20 Febbraio 2023 - 8:00AM
UK Regulatory
TIDMCOA
RNS Number : 3627Q
Coats Group PLC
20 February 2023
20 February 2023
Coats Group plc
$250m US private placement
Coats Group plc ('Coats' or the 'Company'), the world's leading
industrial thread and footwear components manufacturer, today
announces the successful completion of a competitively priced $250m
issue of US Private Placement ('USPP') notes.
The issuance, on investment grade terms and heavily
oversubscribed, refinances the $240m facility which funded the
acquisition of Texon in June 2022. The new notes mature in 2028 and
2030, beyond the existing USPP tranches.
Enquiry details
Coats Group +44 (0)797 497
Investors Chris Dyett plc 4690
Richard Mountain / +44 (0)20 3727
Media Nick Hasell FTI Consulting 1374
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About Coats Group plc
Coats is a world leader in thread manufacturing and structural
components for apparel and footwear, as well as an innovative
pioneer in performance materials. These critical solutions are used
to create a wide range of products, including ones that provide
safety and protection for people, data and the environment.
Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good
Index constituent. Revenues in 2021 were $1.5bn.
Trusted by the world's leading companies to deliver crucial,
innovative, and sustainable solutions, Coats provides value-adding
products including apparel, accessory and footwear threads,
structural footwear components, fabrics, yarns and software
applications. Customer partners include companies from the apparel,
footwear, automotive, telecoms, personal protection, and outdoor
goods industries.
With a proud heritage dating back more than 250 years and spirit
of evolution to constantly stay ahead of changing market needs,
Coats has operations across some 50 countries with a workforce of
over 17,000, serving its customers worldwide.
Coats connects talent, textiles, and technology, to make a
better and more sustainable world. Worldwide, there are three
dedicated Coats Innovation Hubs, where experts collaborate with
partners to create the materials and products of tomorrow. It
participates in the UN Global Compact and is committed to Science
Based sustainability targets for 2030 and beyond, with a goal of
achieving net-zero by 2050. Coats is also committed to achieving
its goals in Diversity, Equity & Inclusion, workplace health
& safety, employee & community wellbeing, and supplier
social performance.
To find out more about Coats visit www.coats.com .
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February 20, 2023 02:00 ET (07:00 GMT)
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