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14 May 2012 07:00
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Atkins announces $75m US private placement
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WS Atkins plc ("Atkins" or the "Group"), the design and engineering consultancy group, is pleased to announce the successful execution of the Group's debut issue in the US private placement market.
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The proceeds of the $75m, 4.38% notes with a term of seven years, will be used to repay drawn funds under the Group's existing banking facility and for general corporate purposes. Entry into the USPP market is an important step for Atkins as it seeks to broaden its sources of funding to support its future growth ambitions.
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Heath Drewett, Group finance director commented: "We are delighted to have secured this additional funding to support our longer term strategy. In particular, the issue offers increased diversity and an extended maturity profile for the Group's debt."
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Ends
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Enquiries
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Heath Drewett Group finance director Β | +44 (0) 20 7121 2000 |
Kate Moy Investor relations director Β | +44 (0) 20 7121 2000 |
Sara Lipscombe Group communications director | +44 (0) 1372 726140 |
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Notes to editors
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Atkins (www.atkinsglobal.com) is one of the world's leading engineering and design consultancies*, employing some 17,700 people across the UK, North America, Middle East, Asia Pacific and Europe. It has the breadth and depth of expertise to plan, design and enable some of the world's most technically challenging and time critical infrastructure projects.
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*It is the largest engineering consultancy in the UK (New Civil Engineer Consultants File 2012) and the 13th largest global design firm (Engineering News-Record 2011).
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Atkins is the official engineering design services provider for the London 2012 Olympic and Paralympic Games.
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