US Private Placement Loan Not

RNS Number : 0874L

Filtrona plc

30 April 2010

 



30 April 2010

Filtrona plc 

US Private Placement Loan Notes

Filtrona plc ('Filtrona' or 'the Company') today announces the successful completion of a $160m issue of US Private Placement Loan Notes ('the USPP Notes'). Some of the proceeds of the USPP Notes will be used to refinance certain existing bank debt facilities. The USPP Notes have maturity dates of April 2017 ($80m) and April 2020 ($80m) and carry interest coupons of 5.37% and 5.91% respectively.

Steve Crummett, Group Finance Director, commented:

'We are pleased with the response from investors, with the demand reflecting the strength of Filtrona's cash flows and international market positions. The USPP Notes diversify Filtrona's sources of funding, and provide extended maturities and additional flexibility to support the future development of the Company.'

Enquiries

Filtrona plc Steve Crummett, Group Finance Director Tel: [phone]

Financial Dynamics Richard Mountain Tel: [phone]

 

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