20th Jun 2014 10:02
LONDON (Alliance News) - Interserve PLC Friday said it has successfully completed the issue of USD350 million US private placement loan notes.
The support services and construction group said the loan notes have a weighted average maturity length of 10 years, and replace a bridging loan used to part-fund the completed acquisition of Initial Facilities from Rentokil Initial PLC.
"We are pleased with the response from US private placement investors, with the strong demand for Interserve's debt reflecting our growth prospects," said Finance Director Tim Haywood in a statement.
Interserve shares were up 2.1% at 597.00 pence Friday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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