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Spectris PLC - London-based supplier of precision instrumentation and controls - Completes, ‘following a competitive process’, the $400 million issue of US private placement notes. Says the issuance refinances the $400 million bridge facility it entered ‘for acquisition processes’. Says USPP debt consists of a USD tranche issued at a 5.15% average rate, and an EUR tranche with a 3.66% average rate. They have maturities ranging between five and 10 years. Current stock price: 2,624.00 pence, up 1.5% in London on Monday afternoon 12-month change: down 21% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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