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Mon, 20th Feb 2023 10:09
(Sharecast News) - Industrial thread maker Coats Group said on Monday that it has raised $250m through the issue of US private placement notes.
The company said the notes were "competitively priced" and that 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.
(Sharecast News) - Industrial thread manufacturer Coats Group said on Wednesday that chief financial officer Simon Boddie plans to retire at the end of March 2021 "to pursue further non-executive opportunities".
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Coats Expects Double-Digit Sales Decline In 2020 As Virus Hits Trading
Read more(Sharecast News) - Industrial thread manufacturer Coats Group said on Friday that it was scrapping its dividend and that it expects revenues to slide due to the coronavirus outbreak.
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Read more(Sharecast News) - Coats Group revealed on Thursday that chairman Michael Clasper had purchased 200,000 ordinary shares in the FTSE 250-listed sewing thread and supplies manufacturer.
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Read more(Sharecast News) - Thread maker Coats said sales in China had fallen by $8m in the first two months of 2020 after enforced shutdowns of its factories due to the coronavirus epidemic.
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