IN BRIEF: Spectris secures USD400 million long-term financing
Spectris PLC - London-based supplier of precision instrumentation and controls - Completes, "following a competitive process", the USD400 million issue of US private placement notes. Says the issuance refinances the USD400 million bridge facility it entered "for acquisition processes". Says USPP debt consists of a USD tranche issued at a 5.15% average rate, and an EUR tranche with a 3.66% average rate. They have maturities ranging between five and 10 years. Read More