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COA Coats Group Plc

81.90
1.40 (1.74%)
Last Updated: 10:59:56
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coats Group Plc LSE:COA London Ordinary Share GB00B4YZN328 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.40 1.74% 81.90 81.90 82.20 82.20 80.50 82.20 105,102 10:59:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 1.42B 56.5M 0.0354 22.82 1.29B

Coats Group PLC US private placement and new bank facility (7444Y)

08/12/2017 7:00am

UK Regulatory


Coats (LSE:COA)
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TIDMCOA

RNS Number : 7444Y

Coats Group PLC

08 December 2017

8 December 2017

Coats Group plc

$225m US private placement and new bank facility

Coats Group plc ('Coats' or the 'Company'), the world's leading industrial thread manufacturer, today announces the successful completion of a $225m issue of US Private Placement (USPP) notes.

The notes, which represent Coats' debut issue in the USPP market, have a maturity of seven and ten years and have been issued on investment grade terms. Simultaneously, Coats has agreed a new $350m five-year bank facility with a syndicate mainly comprising its existing lenders. The USPP notes and new bank facility replace Coats' $680m bank facility that was due to mature in March 2020. The refinancing has achieved the Group's aims of diversifying the sources of debt financing and extending their maturity out to 2027.

Enquiry details

UK media Richard Mountain / Nick Hasell +44 (0) 20 3727 1374

Investors Rob Mann +44 (0) 20 8210 5175

This announcement contains inside information for the purposes of the Market Abuse Regulation.

About Coats Group plc

Coats is the world's leading industrial thread manufacturer and a major player in the Americas textile crafts market. At home in some 60 countries, Coats employs over 19,000 people across six continents. Revenues in 2016 were US$1.5bn. Coats' pioneering history and innovative culture ensure the company continues leading the way around the world, providing complementary and value added products and services to the apparel and footwear industries; applying innovative techniques to develop high technology Performance Material threads and yarns in areas such as automotive composites and fibre optics; and extending the crafts offer into new markets and online. Headquartered in the UK, Coats is a FTSE250 listed company on the London Stock Exchange. To find out more about Coats visit www.coats.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCZMMGZVNVGNZM

(END) Dow Jones Newswires

December 08, 2017 02:00 ET (07:00 GMT)

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