RNS Number : 2971A

Kingspan Group PLC

01 June 2021

Kingspan Group plc

Completion of EUR700m Revolving Credit Facility

1 June 2021

Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce that it has completed a new EUR700m Planet Passionate Revolving Credit Facility. This new five year facility matures in May 2026, with an extension option for a further two years. It replaces the Group's outgoing RCF (EUR451m) and acquisition (EUR300m) facilities.

The Planet Passionate facility is provided by a syndicate of ten leading international banks and will be used for general corporate purposes. The facility has an inbuilt pricing incentive on the achievement of Kingspan's Planet Passionate commitments and is therefore fully aligned with the wider strategy of the Group.

Geoff Doherty, Kingspan Chief Financial Officer, commented:

"We are very pleased to complete this financing with a top tier of international banks, who can support Kingspan in all of our key markets, regionally and globally. When combined with the Green Private Placement bond of EUR750m completed in December 2020, Kingspan has arranged EUR1.45 billion of sustainable debt funding over the last six months."

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) Dow Jones Newswires

June 01, 2021 02:00 ET (06:00 GMT)

Grafico Azioni Kingspan (LSE:KGP)
Da Nov 2021 a Dic 2021 Clicca qui per i Grafici di Kingspan
Grafico Azioni Kingspan (LSE:KGP)
Da Dic 2020 a Dic 2021 Clicca qui per i Grafici di Kingspan