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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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