CRH PLC CRH establishes Euro Commercial Paper Programme (4993M)
July 31 2017 - 1:00AM
UK Regulatory
TIDMCRH
RNS Number : 4993M
CRH PLC
31 July 2017
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES
Press Release
CRH plc establishes EUR1.5 Billion
Euro Commercial Paper Programme
31 July 2017
CRH plc, the international building materials group, is pleased
to announce that it has established a euro commercial paper
programme ("CRH ECP Programme"). Under the CRH ECP Programme, CRH
Finance DAC and CRH Finance (U.K.) plc, wholly-owned finance
subsidiaries of CRH plc, may issue, from time to time (together,
the "Issuers"), unsecured short-term euro commercial paper notes
(the "Notes") through appointed dealers up to a maximum aggregate
amount outstanding at any time of EUR1.5 billion. The Notes will be
guaranteed by CRH plc (the "Guarantor") and will be sold to
investors outside the US. The CRH ECP Programme adds flexibility to
CRH's short-term funding options, and complements CRH's US
commercial paper program launched in 2016.
The CRH ECP Programme has been assigned short-term ratings of
A-2+ by Standard & Poor's Credit Market Services Europe Limited
("S&P"), Prime-2 ("P-2") by Moody's Deutschland GmbH
("Moody's") and F2 by Fitch Ratings Ltd ("Fitch").
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Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Frank Heisterkamp Head of Investor Relations
About CRH
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is a leading global
diversified building materials group, employing c.87,000 people at
c.3,800 operating locations in 31 countries worldwide. With a
market capitalisation of c.EUR26 billion (July 2017), CRH is the
largest building materials company in North America and the second
largest worldwide. The Group has leadership positions in Europe as
well as established strategic positions in the emerging economic
regions of Asia and South America. CRH is committed to improving
the built environment through the delivery of superior materials
and products for the construction and maintenance of
infrastructure, housing and commercial projects. A Fortune 500
company, CRH is a constituent member of the FTSE 100 index, the
EURO STOXX 50 index and the ISEQ 20. CRH's American Depositary
Shares are listed on the NYSE. For more information visit
www.crh.com
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Nothing in this announcement constitutes an offer of securities
for sale in the United States or any other jurisdiction where it is
unlawful to do so. The Notes have not been, and will not be,
registered under the Securities Act of 1933 or any relevant
securities laws of any state or other jurisdiction and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act of 1933. The Notes constitute commercial paper for
the purposes of, and are issued in accordance with an exemption
granted by the Central Bank of Ireland under, Section 8(2) of the
Central Bank Act, 1971 of Ireland, inserted by Section 31 of the
Central Bank Act, 1989 of Ireland, as amended by Section 70(d) of
the Central Bank Act, 1997 of Ireland each as amended by the
Central Bank and Financial Services Authority of Ireland Act
2004.
No application will be made at any time to list the Notes on any
stock exchange. A communication of an invitation or inducement to
engage in investment activity (within the meaning of Section 21 of
the Financial Services and Markets Act 2000 (the "FSMA")) received
in connection with the issue or sale of any Notes will only be made
in circumstances in which Section 21(1) of the FSMA does not apply
to the Issuers or the Guarantor.
Registered Office: No 12965. Registered Office: 42 Fitzwilliam
Square, Dublin 2, R02 R279, Ireland
This information is provided by RNS
The company news service from the London Stock Exchange
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