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IN BRIEF: Kier plans offer of GBP250 million in senior debt notes

Mon, 05th Feb 2024 10:06

Kier Group PLC - Manchester, England-based infrastructure services, construction and property - Plans to offer GBP250.0 million in five-year senior notes, as part of a wider refinancing of debt facilities. Says the interest rate and offering price will be determined at the time of the pricing of the notes. Last month, Kier said it has a "modest" net cash position as of the end of 2023, improved from GBP131 million in debt a year before.

Current stock price: 128.80 pence

12-month change: up 81%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

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