Completion of US private placement

RNS Number : 3893P

Kingspan Group PLC

16 November 2016

 

Kingspan Group Plc

Completion of US private placement

16 November 2016

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%.

Kingspan CFO Geoff Doherty commented:

"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."

For further information contact:

Geoff Doherty, Chief Financial Officer                   Tel: [phone]

Lorcan Dowd, Company Secretary                            Tel: [phone]

 

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