30 April 2010
Filtrona announces the successful completion of a $160m issue of US Private Placement Loan Notes.
Filtrona plc (‘Filtrona’ or ‘the Company’) today announces the successful completion of a $160m issue of US Private Placement Loan Notes (‘the USPP Notes’). Some of the proceeds of the USPP Notes will be used to refinance certain existing bank debt facilities. The USPP Notes have maturity dates of April 2017 ($80m) and April 2020 ($80m) and carry interest coupons of 5.37% and 5.91% respectively.
Steve Crummett, Group Finance Director, commented:
‘We are pleased with the response from investors, with the demand reflecting the strength of Filtrona’s cash flows and international market positions. The USPP Notes diversify Filtrona’s sources of funding, and provide extended maturities and additional flexibility to support the future development of the Company.’
Steve Crummett, Group Finance Director
Tel: 01908 359 100
Tel: 020 7269 7121