Morgan Advanced Materials PLC Completion of US private placement (6739N)
28 October 2016 - 5:00PM
UK Regulatory
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
END
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