TIDMKGP

RNS Number : 9650Y

Kingspan Group PLC

15 September 2020

Kingspan Group plc

Green Private Placement

15 September 2020

Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce the agreement of terms on a EUR750m Green Private Placement, the largest corporate Green Private Placement globally to date.

The new loan notes were priced on 10 September and, subject to contract, will close on 25 September 2020. EUR580m of the notes are Euro denominated with a further EUR170m equivalent in USD. The weighted average fixed interest coupon is 1.78% per annum, with weighted average maturities of 9.7 years.

Geoff Doherty, Kingspan Group Chief Financial Officer, commented:

"We are delighted to have agreed terms on our first Green Private Placement at a compelling fixed interest rate. The pricing is a testament to Kingspan's planet passionate strategy and provides long term capital to further develop the Group in the years ahead. As well as extending our maturity profile this transaction will leave us with in excess of EUR2 billion of cash and committed undrawn facilities."

Lorcan Dowd

Group Company Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IODUSVARRAUKAUR

(END) Dow Jones Newswires

September 15, 2020 02:00 ET (06:00 GMT)

Grafico Azioni Kingspan (LSE:KGP)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Kingspan
Grafico Azioni Kingspan (LSE:KGP)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Kingspan