Grafton Group to raise €160m in US private placing
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Builders merchant Grafton Group on Tuesday said it was raising €160m (£144m) through a private placing in the US.
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The company said it would issue unsecured senior notes in the US Private Placement market with 10 and 12 year maturities at an average annual coupon of 2.5%.
The notes will be issued in September 2018 and the proceeds received will be used to refinance existing debt and for general corporate purposes, Grafton said.