Kingspan secures €225 million via committed deal to fund acquisitions

By Devika Patel

Knoxville, Tenn., Dec. 15 – Kingspan Group plc said it agreed to a €225 million committed financing.

The issue is comprised of €175 million private placement loan notes with weighted average maturities of 8.5 years and an average fixed coupon of 1.57% and an additional bilateral facility of €50 million.

Proceeds will be used for acquisitions and further strategic development.

Based in Kingscourt, Ireland, Kingspan and its subsidiaries provide energy building solutions for the construction industry.

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