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Kingspan Group completes new 700 million planet passionate revolver
Chicago, June 1 Kingspan Group plc completed a new 700 million planet-passionate revolving credit facility with a syndicate of 10 banks, according to an announcement on Tuesday.
The facility matures in May 2026 and can be extended for an additional two years.
It replaces the groups 451 million revolver and its 300 million of acquisition facilities.
Proceeds will be used for general corporate purposes.
There is incentive-based pricing based on the achievement of planet-passionate commitments.
The company privately placed a green bond for 750 million in December 2020.
In total, the company has arranged for 1.45 billion of sustainable debt financing over the last six months.
Based in Kingscourt, Ireland, Kingspan and its subsidiaries provide energy building solutions for the construction industry.
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