8th Sep 2006 14:30
CRH PLC08 September 2006 September 8 2006 CRH ANNOUNCES SUCCESSFUL US$1.75 BILLION GLOBAL BOND OFFERING CRH America, Inc., a wholly owned subsidiary of CRH plc, successfully priced itsthird US$ Global bond offering yesterday afternoon in New York. The offeringconsists of 10-year and 5-year notes. The US$1.25 billion 10-year notes werepriced at a spread of 1.3% above the 10-year US Treasury and have a coupon of6.0%. The US$500 million 5-year notes were priced at 0.92% above the 5-year USTreasury and have a coupon of 5.625%. Due to strong investor demand, the totaloffering was increased from US$1.25 billion. Over 130 institutional investorsfrom North America and Europe participated in the transaction. The proceeds ofthe offering are intended to be used to refinance short-term bank debt,potentially including debt used to finance the recent purchase of APAC, and forgeneral corporate purposes which may include acquisitions. The notes areregistered with the Securities and Exchange Commission (SEC) and are intended tobe listed on the NYSE. Myles Lee, Finance Director at CRH said: "CRH's previous US$ global bondofferings, both of which raised US$1 billion, were completed in March 2002 andSeptember 2003. We are delighted with the very strong investor response to thisthird offering of US$1.75 billion which enables CRH to extend its debt maturityprofile and to expand its investor base." Citigroup, JPMorgan, RBS Greenwich Capital and UBS acted as joint book-runnerson this transaction. A final prospectus relating to the notes, when available, may be obtained bywriting to or telephoning: Citigroup Global Markets Inc., 388 Greenwich Street,New York, NY 10013, U.S.A., +1-877-858-5407. A registration statement relating to these securities has been filed with theSecurities and Exchange Commission. This press release shall not constitute anoffer to sell or the solicitation of an offer to buy securities, nor shall therebe any sale of these securities in any jurisdiction in which such offer,solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any such jurisdiction. Contact : +353 (0) 1 404 1000 Liam O'Mahony Chief ExecutiveMyles Lee Finance DirectorRossa McCann Group Treasurer CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland TELEPHONE +353.1.4041000 FAX +353.1.4041007 E-MAIL mail@crh.com WEBSITEwww.crh.com Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CRH