Kingspan Group PLC Green Private Placement (9650Y)
15 Settembre 2020 - 08:00AM
UK Regulatory
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
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