15th Dec 2005 12:19
Wincanton PLC15 December 2005 For Immediate Release 15 December 2005 Wincanton plc Wincanton raises $150 million of long-term debt from a private placement Wincanton plc ("Wincanton") announces that it has completed the privateplacement of USD150 million of senior notes. The notes have been issued to newlenders and have a maturity of 7 and 10 years. The funds raised are being used to refinance existing bank facilities, and toposition the company to take advantage of the opportunities for continued futuregrowth. The refinancing takes advantage of attractive longer-term interest rates, andthe demand for good quality credits in the private placement market. It extendsthe maturity profile of Wincanton's corporate facilities and broadens its debtplatform. For further information please contact: Wincanton plcCharles Carr, Group Communications Director 01249 710 763 Buchanan CommunicationsCharles Ryland / Jeremy Garcia 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WIN.L