Grafton Group to raise €160m in US private placing
Grafton Group Ut (CDI)
952.00p
16:40 26/04/24
1.87%
17.50p
Builders merchant Grafton Group on Tuesday said it was raising €160m (£144m) through a private placing in the US.
FTSE 250
19,824.16
16:59 26/04/24
n/a
n/a
FTSE 350
4,470.09
16:59 26/04/24
n/a
n/a
FTSE All-Share
4,423.59
17:14 26/04/24
n/a
n/a
Support Services
10,641.76
16:59 26/04/24
1.12%
118.01
The company said it would issue unsecured senior notes in the US Private Placement market with 10 and 12 year maturities at an average annual coupon of 2.5%.
The notes will be issued in September 2018 and the proceeds received will be used to refinance existing debt and for general corporate purposes, Grafton said.