Syndicated Credit Facility

RNS Number : 7747E

Kingspan Group PLC

01 October 2008

 



1 October 2008

Kingspan Group Plc

Kingspan agrees new €330 million syndicated credit facility

Kingspan Group plc, the leading international manufacturer of a range of sustainable products for the construction industry, announces the successful placement yesterday of a syndicated credit facility of €330 million.

The funding, which was oversubscribed, has been put in place to facilitate Kingspan's organic and acquisition growth plans over the next 5 years, and replaces the previous syndicated facility which was due to run until December 2009. 

Dermot Mulvihill, Group Finance Director commented: 'The syndicated credit facility provides a platform to continue our stated strategy of expansion by organic growth, strategic investment and acquisitions. Kingspan is pleased that in the current banking environment its banks, including a number of new lenders, have expressed confidence in Kingspan's business model.'

IIB Bank plc/KBC Bank NV were the sole Bookrunner. Mandated Lead Arrangers are IIB Bank plc / KBC Bank NV, Ulster Bank Ireland Limited and Bank of Ireland. Other Arrangers are Allied Irish Banks plc., HSBC Bank plc. and BNP Paribas. 

For further information please contact: 

Murray Consultants Ed Micheau	[phone]
Buchanan Communications Tim Thompson/Jeremy Garcia	[phone]
Kingspan Group Plc. Lorcan Dowd, Company Secretary	+ 353 (0)42 9698000

 

END

 

 

MSCIFFFIARIIVIT