22nd Feb 2005 07:00
RPC Group PLC22 February 2005 22nd February 2005 RPC GROUP PLC RPC launches two tranche debut Eurobond RPC Group ("RPC"), Europe's leading manufacturer of rigid plastics packaging,today announces the issue of a EUR35 million and a USD40 million seven yearfloating rate notes priced at 3 month EURIBOR plus 90 bps and 3 month US$ LIBORplus 90 bps, respectively. Both issues were priced at par within the indicatedprice range after a successful road show. Danske Bank acted as lead manager forthis transaction. The Eurobonds will be listed on the London Stock Exchange. The proceeds of the two issues will be used to refinance existing bankfacilities. Commenting on the transactions Chris Sworn, Finance Director, said: "The issue of these bonds has enabled RPC to access new sources of funding, aswell as extend the maturity of its debt. We are pleased with investor responseto this issue - one of the first of its kind by a UK non-rated issuer. " - Ends - For further information: RPC Group plc 01933 410 064Ron Marsh, Chief ExecutiveChris Sworn, Finance Director Merlin 020 7653 6620Michael Rummel 07879 890 405Vanessa Maydon 07802 961 902 Notes to Editors • RPC is Europe's leading manufacturer of rigid plastics packaging, unique in offering products made by all three main conversion processes, blow moulding, injection moulding and thermoforming. • The Group has over 45 manufacturing sites in 11 countries, employing over 6,500 people. • RPC services a comprehensive range of customers from the larger European manufacturers of consumer products, such as Unilever and Nestle, to small national businesses. The Group has a particularly strong position in the beauty and personal care sector, the vending and drinking cup market, the margarine industry, and in multilayer sheet and packs for perishable food products. • For more than a decade the Group has recorded year on year growth in sales, operating profit and employee numbers. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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