26 Jun 2017 12:24
Kingspan Group Plc
Completion of €500m Revolving Credit Facility
26 June 2017
Kingspan Group plc ("Kingspan"), the global leader in high performance insulation, building fabric, and solar integrated building envelopes, is pleased to announce that it has completed a new €500m Committed Revolving Credit Facility. This new 5 year facility, maturing in June 2022, has replaced the Group's previous €300m facility and provides increased committed capital on more favourable terms and pricing, on both a drawn and undrawn basis.
The facility is provided by a syndicate of 10 leading international banks comprising the Company's existing syndicate members and two new global banks. The funds will be used for general corporate purposes.
Geoff Doherty, Kingspan's Chief Financial Officer, said:
"We are very pleased to complete this transaction with a top tier of international banks who can support Kingspan in all our key markets, regionally and globally. The facility, which is currently undrawn, provides us with appropriate resources to execute development opportunities as they arise."
For further information contact:
Geoff Doherty Chief Financial Officer
| +353 (0)42 9698000
|