KGP Kingspan Group Plc

TIDMKGP

RNS Number : 1735J

Kingspan Group PLC

26 June 2017

Kingspan Group Plc

Completion of EUR500m Revolving Credit Facility

26 June 2017

Kingspan Group plc ("Kingspan"), the global leader in high performance insulation, building fabric, and solar integrated building envelopes, is pleased to announce that it has completed a new EUR500m Committed Revolving Credit Facility. This new 5 year facility, maturing in June 2022, has replaced the Group's previous EUR300m facility and provides increased committed capital on more favourable terms and pricing, on both a drawn and undrawn basis.

The facility is provided by a syndicate of 10 leading international banks comprising the Company's existing syndicate members and two new global banks. The funds will be used for general corporate purposes.

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

"We are very pleased to complete this transaction with a top tier of international banks who can support Kingspan in all our key markets, regionally and globally. The facility, which is currently undrawn, provides us with appropriate resources to execute development opportunities as they arise."

For further information contact:

 
 Geoff Doherty 
  Chief Financial Officer    +353 (0)42 9698000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 26, 2017 07:24 ET (11:24 GMT)

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