Meggitt PLC Issuance of $300m of private placement debt (0895G)

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RNS Number : 0895G

Meggitt PLC

23 November 2020

23 November 2020

Meggitt PLC - Issuance of $300m of private placement debt

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, today announces the successful issuance of new private placement debt.

Further to our third quarter trading statement on 10 November 2020, we issued $300m in aggregate of three and five year senior notes to international investors on 19 November 2020. The issuance of the notes, which was significantly oversubscribed, was made with the following maturities and coupon rates:

   --    $100m at a coupon rate of 2.78%, maturing on 19 November 2023 
   --    $200m at a coupon rate of 3.00%, maturing on 19 November 2025 

This new debt provides us with additional liquidity and financial flexibility as we look ahead to 2021 and beyond.

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Mathew Wootton, Vice President, Investor Relations

Meggitt PLC

Nick Hasell, Managing Director

Alex Le May, Managing Director

Dwight Burden, Managing Director

FTI Consulting

Tel: [phone]

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November 23, 2020 02:00 ET (07:00 GMT)