CRH Prices $1.5B Senior Notes Due 2034
Ticker: CRH · Form: 8-K · Filed: Apr 8, 2024 · CIK: 849395
| Field | Detail |
|---|---|
| Company | Crh Public LTD CO (CRH) |
| Form Type | 8-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, notes
TL;DR
CRH just priced $1.5B in notes due 2034 at 5.375% - more ammo for deals.
AI Summary
CRH Public Ltd Co announced on April 8, 2024, that it has priced $1.5 billion of senior notes. The notes will mature in 2034 and carry a coupon rate of 5.375%. This offering is part of CRH's ongoing financing activities and is expected to close on April 15, 2024.
Why It Matters
This debt issuance provides CRH with additional capital, potentially for acquisitions or operational expansion, impacting its financial leverage and future growth prospects.
Risk Assessment
Risk Level: low — This is a routine debt financing announcement with no immediate negative implications for the company.
Key Numbers
- $1.5B — Senior Notes Priced (Amount raised through debt issuance)
- 2034 — Note Maturity (Year the senior notes are due)
- 5.375% — Coupon Rate (Interest rate on the senior notes)
Key Players & Entities
- CRH Public Ltd Co (company) — Registrant
- $1.5 billion (dollar_amount) — Senior notes principal amount
- 2034 (date) — Senior notes maturity year
- 5.375% (dollar_amount) — Coupon rate of senior notes
- April 8, 2024 (date) — Date of report
- April 15, 2024 (date) — Expected closing date of the offering
FAQ
What is the total principal amount of the senior notes CRH priced?
CRH priced $1.5 billion of senior notes.
When are the newly issued senior notes due to mature?
The senior notes are due to mature in 2034.
What is the coupon rate on the $1.5 billion senior notes?
The coupon rate on the senior notes is 5.375%.
What is the expected closing date for this senior note offering?
The offering is expected to close on April 15, 2024.
What is the jurisdiction of incorporation for CRH Public Ltd Co?
CRH Public Ltd Co is incorporated in Ireland.
Filing Stats: 445 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2024-04-08 16:06:13
Filing Documents
- crh-20240408.htm (8-K) — 31KB
- form8-kxex9918april2024.htm (EX-99.1) — 19KB
- form8-kxex9928april2024.htm (EX-99.2) — 19KB
- form8-kxex9938april2024.htm (EX-99.3) — 19KB
- 0001628280-24-015242.txt ( ) — 262KB
- crh-20240408.xsd (EX-101.SCH) — 3KB
- crh-20240408_def.xml (EX-101.DEF) — 16KB
- crh-20240408_lab.xml (EX-101.LAB) — 28KB
- crh-20240408_pre.xml (EX-101.PRE) — 17KB
- crh-20240408_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On April 5, 2024, CRH public limited company released notifications of transactions by persons discharging managerial responsibilities, which are filed as Exhibits 99.1, 99.2 and 99.3, respectively, hereto.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Notification of CRH public limited company, dated April 5, 2024 99.2 Notification of CRH public limited company, dated April 5, 2024 99.3 Notification of CRH public limited company, dated April 5, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 8, 2024 CRH public limited company /s/ Neil Colgan By: Neil Colgan Company Secretary