By Devika Patel
Knoxville, Tenn., Oct. 31 – Shepherd Neame plans a £35 million private placement of 20-year 3.99% loan notes with BAE Systems Pension Funds Investment Management Ltd., according to a news release.
The company also arranged a new £50 million five-year revolving credit facility with Lloyds Bank plc and Santander UK plc.
Proceeds will be used to support the business for the long term and to take advantage of any opportunities that may arise over the next few years.
The brewer and owner and operator of 321 pubs is based in Faversham, Great Britain.
| Issuer: | Shepherd Neame
|
| Issue: | Loan notes
|
| Amount: | £35 million
|
| Maturity: | 20 years
|
| Coupon: | 3.99%
|
| Investor: | BAE Systems Pension Funds Investment Management Ltd.
|
| Announcement date: | Oct. 31
|
| Distribution: | Private placement
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
