Successful extension and re-pricing of EUR300m RCF

RNS Number : 3916D

Kingspan Group PLC

28 March 2014

 



Kingspan Group Plc

Successful extension and re-pricing of €300m Revolving Credit Facility

 

28 March 2014

Kingspan Group plc ("Kingspan"), the global leader in high performance insulation and building envelope solutions, is pleased to announce that it has successfully extended the maturity of its existing €300m Revolving Credit Facility by two years to March 2019. This extension has been agreed with revised, and more favorable, pricing on a drawn and undrawn basis.

The facility which is currently undrawn will be used for general corporate purposes. All pre-existing syndicate members, comprising seven international and one domestic bank, are maintaining their capital allocations on the revised and extended terms.

Geoff Doherty, Kingspan's Chief Financial Officer, said:

"We are pleased to complete this transaction with a top tier lending group which reflects Kingspan's strong balance sheet and credit profile. It improves our capital structure by lengthening our debt maturity profile at very competitive pricing and affords Kingspan significant financing headroom as we seek to further develop our business internationally."

For further information contact:

Geoff Doherty Chief Financial Officer

[phone]

 

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