Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

$75m US private placement

14th May 2012 07:00

RNS Number : 2235D
Atkins (WS) PLC
14 May 2012
 



Atkins announces $75m US private placement

 

WS Atkins plc ("Atkins" or the "Group"), the design and engineering consultancy group, is pleased to announce the successful execution of the Group's debut issue in the US private placement market.

 

The proceeds of the $75m, 4.38% notes with a term of seven years, will be used to repay drawn funds under the Group's existing banking facility and for general corporate purposes. Entry into the USPP market is an important step for Atkins as it seeks to broaden its sources of funding to support its future growth ambitions.

 

Heath Drewett, Group finance director commented: "We are delighted to have secured this additional funding to support our longer term strategy. In particular, the issue offers increased diversity and an extended maturity profile for the Group's debt."

 

 

Ends

 

 

Enquiries

 

Heath Drewett

Group finance director

 

+44 (0) 20 7121 2000

Kate Moy

Investor relations director

 

+44 (0) 20 7121 2000

Sara Lipscombe

Group communications director

+44 (0) 1372 726140

 

 

Notes to editors

 

Atkins (www.atkinsglobal.com) is one of the world's leading engineering and design consultancies*, employing some 17,700 people across the UK, North America, Middle East, Asia Pacific and Europe. It has the breadth and depth of expertise to plan, design and enable some of the world's most technically challenging and time critical infrastructure projects.

 

*It is the largest engineering consultancy in the UK (New Civil Engineer Consultants File 2012) and the 13th largest global design firm (Engineering News-Record 2011).

 

Atkins is the official engineering design services provider for the London 2012 Olympic and Paralympic Games.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBLGDUUSBBGDB

Related Shares:

ATK.L
FTSE 100 Latest
Value8,275.66
Change0.00