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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GN Store Nord AS | AQEU:GNC | Aquis Europe | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.55 | 0.38% | 146.80 | 146.55 | 146.90 | 148.05 | 145.85 | 146.50 | 30,003 | 16:14:47 |
RNS Number:4030R Greencore Group PLC 28 October 2003 GREENCORE GROUP PLC CONTACT: PATRICK KENNEDY TEL: +35316051003 US PRIVATE PLACEMENT RAISES US$302 MILLION (EQUIVALENT) OF LONG TERM DEBT Greencore Group plc ("Greencore") has completed a private placement of US$302 million (equivalent) in senior notes with nine institutional investors. The notes have been issued in US Dollars and Sterling and comprise US$130 million, US$72 million and US$ 100 million (equivalent) in 7, 10 and 12 year maturities respectively, repayable in 2010, 2013 and 2015. The average maturity of the new financing exceeds 9 years while the average interest rates are 5.47% and 5.76% for the Dollar and Sterling components respectively. The funds raised are being used to repay existing bank borrowings and will lengthen the company's debt maturity profile. The US Dollar element of the financing has been swapped into Sterling. The initial offer of US$150 million was almost three times subscribed, enabling the company to increase the issue size to US$302 million whilst achieving an attractive coupon. Patrick Kennedy, Chief Financial Officer of Greencore, said: "The completion of this financing is an important step in securing for Greencore a capital structure that will support the continued development of the Group. This is a strong endorsement of the business restructuring which we have effected over the past two years, and demonstrates the confidence that the capital markets have in Greencore's business portfolio, strategy and long term prospects" PATRICK KENNEDY CHIEF FINANCIAL OFFICER GREENCORE GROUP PLC ST. STEPHEN'S GREEN HOUSE, EARLFORT TERRACE, DUBLIN 2. 28 OCTOBER 2003 This information is provided by RNS The company news service from the London Stock Exchange END IODEASEPASADFFE
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