Deals of the Year 2024: CRH slims down syndicate as it extends €3.5bn RCF
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CRH successfully amended and extended its existing €3.5 billion RCF with a deliberately slimmed down syndicate of banks in Spring last year, paving the way for enter a €2 billion euro bond issuance two months later across three tenors.
In early 2023 CRH plc determined that it wanted to amend and extend its existing €3.5 billion multicurrency revolving credit facility, which was due to mature in 2026. With this in mind, CRH approached its banking group to discuss the matter. CRH has been a consistently reliable credit counterparty, having maintained its BBB+ S&P rating since it was first rated in 2001. It was no surprise, therefore, that the banks expressed keen interest in engaging with the company to help it achieve th....

 

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September 2024 Issue of Finance Dublin

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This article appeared in the May 2024 edition.