16 Nov 2016 17:07
Kingspan Group Plc
Completion of US private placement
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16 November 2016
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Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce that it has today completed a EUR250m Private Placement Loan Note with an average fixed annual coupon of 1.48% for an average term of 9 years. EUR32m of the proceeds will be utilised in March 2017 to meet a scheduled loan note maturity with an annual coupon of 4.15%.
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Kingspan CFO Geoff Doherty commented:
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"We are pleased to secure this long term funding from an important capital market at a very attractive interest rate. It further adds to the strategic funding base of Kingspan to support the development of the Group in the coming years."
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For further information contact:
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Geoff Doherty, Chief Financial Officer Tel: +353 (0)42 969 8000
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Lorcan Dowd, Company Secretary Tel: +353 (0)42 969 8000
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