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Issuance of $300m of private placement debt

23rd Nov 2020 07:00

RNS Number : 0895G
Meggitt PLC
23 November 2020
 

23 November 2020

 

Meggitt PLC - Issuance of $300m of private placement debt

 

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, today announces the successful issuance of new private placement debt.

 

Further to our third quarter trading statement on 10 November 2020, we issued $300m in aggregate of three and five year senior notes to international investors on 19 November 2020. The issuance of the notes, which was significantly oversubscribed, was made with the following maturities and coupon rates:

 

· $100m at a coupon rate of 2.78%, maturing on 19 November 2023

· $200m at a coupon rate of 3.00%, maturing on 19 November 2025

 

This new debt provides us with additional liquidity and financial flexibility as we look ahead to 2021 and beyond.

 

 

END

 

Mathew Wootton, Vice President, Investor Relations

Meggitt PLC

 

Nick Hasell, Managing Director

Alex Le May, Managing Director

Dwight Burden, Managing Director

FTI Consulting

Tel: +44 203 727 1340

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