Kingspan Group PLC Statement re EUR700m RCF (2971A)
June 01 2021 - 1:00AM
UK Regulatory
TIDMKGP
RNS Number : 2971A
Kingspan Group PLC
01 June 2021
Kingspan Group plc
Completion of EUR700m Revolving Credit Facility
1 June 2021
Kingspan Group plc, the global leader in high performance
insulation and building envelope solutions, is pleased to announce
that it has completed a new EUR700m Planet Passionate Revolving
Credit Facility. This new five year facility matures in May 2026,
with an extension option for a further two years. It replaces the
Group's outgoing RCF (EUR451m) and acquisition (EUR300m)
facilities.
The Planet Passionate facility is provided by a syndicate of ten
leading international banks and will be used for general corporate
purposes. The facility has an inbuilt pricing incentive on the
achievement of Kingspan's Planet Passionate commitments and is
therefore fully aligned with the wider strategy of the Group.
Geoff Doherty, Kingspan Chief Financial Officer, commented:
"We are very pleased to complete this financing with a top tier
of international banks, who can support Kingspan in all of our key
markets, regionally and globally. When combined with the Green
Private Placement bond of EUR750m completed in December 2020,
Kingspan has arranged EUR1.45 billion of sustainable debt funding
over the last six months."
Lorcan Dowd
Group Company Secretary
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