LWB Low & Bonar Plc

 

TIDMLWB 
 
RNS Number : 0839S 
Low & Bonar PLC 
03 September 2010 
 
Low & Bonar PLC 
 Debt Private Placement 
Low & Bonar PLC, the international performance materials group, is pleased to 
announce that it has successfully completed a private placement of senior 
unsecured notes to raise EUR45 million with Pricoa Capital Group Limited, an 
institutional investment unit of Prudential Financial, Inc.* 
The notes carry a coupon fixed at 5.90% and are repayable in September 2016, 
which will diversify the Group's sources of funding, extend its debt maturity 
profile and provide a natural hedge for Group currency exposures. 
The proceeds of the placement will be used to repay drawings under the Group's 
existing bank facilities.  These facilities will expire in December 2011 and, as 
previously announced, plans to refinance them in 2010 are well advanced. 
For further information, please contact: 
Low & Bonar PLC                                                      020 7535 
3180 
Steve Good, Group Chief Executive 
Simon Dray, Deputy Group Finance 
Director 
 *Prudential Financial, Inc. is headquartered in the United States and not 
affiliated in any manner with Prudential plc of the UK. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IODUGUGWBUPUGAP 
 

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