US Private Placement
2003年10月29日 - 1:07AM
RNSを含む英国規制内ニュース (英語)
RNS Number:4030R
Greencore Group PLC
28 October 2003
GREENCORE GROUP PLC
CONTACT: PATRICK KENNEDY TEL: +35316051003
US PRIVATE PLACEMENT RAISES US$302 MILLION (EQUIVALENT) OF LONG TERM DEBT
Greencore Group plc ("Greencore") has completed a private placement of US$302
million (equivalent) in senior notes with nine institutional investors. The
notes have been issued in US Dollars and Sterling and comprise US$130 million,
US$72 million and US$ 100 million (equivalent) in 7, 10 and 12 year maturities
respectively, repayable in 2010, 2013 and 2015. The average maturity of the new
financing exceeds 9 years while the average interest rates are 5.47% and 5.76%
for the Dollar and Sterling components respectively.
The funds raised are being used to repay existing bank borrowings and will
lengthen the company's debt maturity profile. The US Dollar element of the
financing has been swapped into Sterling.
The initial offer of US$150 million was almost three times subscribed, enabling
the company to increase the issue size to US$302 million whilst achieving an
attractive coupon.
Patrick Kennedy, Chief Financial Officer of Greencore, said:
"The completion of this financing is an important step in securing for Greencore
a capital structure that will support the continued development of the Group.
This is a strong endorsement of the business restructuring which we have
effected over the past two years, and demonstrates the confidence that the
capital markets have in Greencore's business portfolio, strategy and long term
prospects"
PATRICK KENNEDY
CHIEF FINANCIAL OFFICER
GREENCORE GROUP PLC
ST. STEPHEN'S GREEN HOUSE,
EARLFORT TERRACE,
DUBLIN 2. 28 OCTOBER 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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