Ireland: On 11 August 2011 Kingspan Group plc said that it had raised USD200m from a private placement of loan notes, which it will use to pay down bank debt.
The company, which specialises in insulation and energy conservation, said that the notes carry a fixed interest rate of 5.25%. The placement, which was arranged by Royal Bank of Scotland plc, was oversubscribed and increased from USD125m to USD200m, according to Kingspan.
"(The placement) improves our capital structure by lengthening our debt maturity profile at very competitive interest rates and it affords Kingspan significant financing headroom as we seek to develop our business globally," said the group's finance director Geoff Doherty.
