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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