16th Oct 2025 14:51
Weir Group PLC - Glasgow-based engineering company - Prices AUD400 million, about USD259.8 million, of senior notes due 2031. Notes the offering is by subsidiary Weir Group (Australian Holdings) Pty Ltd. Says net proceeds are earmarked for partly funding the GBP624 million acquisition of Mining Software Holdings Pty Ltd, which it said completed in April this year.
"We are delighted with the positive response to the Group's Australian dollar syndicated bond offering. The proceeds will partly replace the existing bridging loan established for purposes of the Micromine acquisition," says Chief Financial Officer Brian Puffer.
Current stock price: 2,822.00 pence, down 0.1% on Thursday afternoon in London
12-month change: up 32%
By Christopher Ward, Alliance News reporter
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