By Devika Patel
Knoxville, Tenn., Nov. 16 – Kingspan Group plc said it settled a €250 million private placement of loan notes with weighted average maturities of nine years and a weighted average coupon of 1.48%.
Proceeds will be used to repay private placement loan notes with an annual coupon of 4.15% that are set to mature in March, according to a news release.
Kingspan, together with its subsidiaries, provides energy building solutions for the construction industry. The company has its headquarters in Kingscourt, Ireland.
| Issuer: | Kingspan Group plc
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| Issue: | Loan notes
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| Amount: | €250 million
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| Coupon: | Weighted average of 1.48%
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| Maturity: | Weighted average of nine years
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| Announcement date: | Nov. 16
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| Distribution: | Private placement
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