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Weir Group PLC - London-based speciality chemicals and sustainable technology firm - Announces pricing of £300 million sustainability-linked notes, due June 14, 2028. The notes will initially bear interest at a rate of 6.875% per year, to be paid annually in arrears on June 14 each year. Chief Financial Officer John Heasley says: ‘The net proceeds of the offering will be used to repay existing borrowings and for other general corporate purposes. As well as further strengthening our balance sheet with long-dated liquidity, the structuring of the offering as sustainability-linked notes underlines our commitment to reducing our environmental impact in line with our sustainability roadmap and ambitious SBTi approved targets.’ Current stock price: 1,810.50 pence 12-month change: up 12% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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