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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Morgan Advanced Materials Plc | LSE:MGAM | London | Ordinary Share | GB0006027295 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.16% | 314.50 | 316.00 | 317.00 | 318.50 | 314.50 | 314.50 | 513,663 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Carbon And Graphite Products | 1.12B | 47.3M | 0.1663 | 19.00 | 899.02M |
TIDMMGAM
RNS Number : 6739N
Morgan Advanced Materials PLC
28 October 2016
28 October 2016
Morgan Advanced Materials completes US private placement
Morgan Advanced Materials plc announces that it has raised $112m and EUR60m with the completion of a US private placement. The new debt extends the group's debt maturity profile and will be used for repayment of existing indebtedness and other general corporate purposes.
The issue comprised:
i) $112m in tranches of 7 and 10 year Senior Unsecured Notes, which were issued at an average coupon of 3.34% and blended term of 9.6 years, and
ii) EUR60m in tranches of 7, 10, and 12 year Senior Unsecured Notes, which were issued at an average coupon of 1.43% and blended term of 9.1 years.
For further enquiries:
Morgan Advanced Materials Peter Turner plc 01753 837 000 Mike Smith / Nina Coad Brunswick 0207 404 5959
Disclaimer
The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Notes to editors:
About Morgan Advanced Materials
Morgan Advanced Materials plc is a global materials technology company which designs and manufactures a wide range of high specification products with extraordinary properties, across multiple sectors and geographies.
From an extensive range of advanced materials we produce components, assemblies and systems that deliver significantly enhanced performance for our customers' products and processes. Our engineered solutions are produced to very high tolerances and many are designed for use in extreme environments.
The Company thrives on breakthrough innovation. Our materials scientists and applications engineers work in close collaboration with customers to create outstanding, highly differentiated products that perform more efficiently, more reliably and for longer.
Morgan Advanced Materials plc has a global presence with approximately 9,000 employees across 50 countries serving specialist markets in the energy, transport, healthcare, electronics, security and defence, petrochemical and industrial sectors. It is listed on the London Stock Exchange in the engineering sector (ticker MGAM).
For more information on Morgan Advanced Materials plc visit: www.morganadvancedmaterials.com
This information is provided by RNS
The company news service from the London Stock Exchange
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October 28, 2016 02:00 ET (06:00 GMT)
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