CRH Issues $1.5B in New Notes
Ticker: CRH · Form: 8-K · Filed: Jul 5, 2024 · CIK: 849395
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
CRH just dropped $1.5B in new debt across three tranches. Big moves ahead?
AI Summary
On July 5, 2024, CRH Public Ltd Co. filed an 8-K report detailing the issuance of new notes. These include $500 million in 5.2% guaranteed notes due 2029, $500 million in 6.4% notes due 2033, and $500 million in 5.4% guaranteed notes due 2034. This filing also includes financial statements and exhibits.
Why It Matters
CRH has raised significant capital through the issuance of new debt, which could be used for expansion, acquisitions, or refinancing existing debt.
Risk Assessment
Risk Level: medium — The issuance of new debt increases the company's leverage and financial obligations.
Key Numbers
- $1.5B — Total Debt Issued (Aggregate principal amount of the three new note issuances.)
- 5.2% — Interest Rate (2029 Notes) (Coupon rate for the 5.2% guaranteed notes due 2029.)
- 6.4% — Interest Rate (2033 Notes) (Coupon rate for the 6.4% notes due 2033.)
- 5.4% — Interest Rate (2034 Notes) (Coupon rate for the 5.4% guaranteed notes due 2034.)
Key Players & Entities
- CRH Public Ltd Co. (company) — Registrant
- July 5, 2024 (date) — Report date
- $500 million (dollar_amount) — Principal amount of 5.2% guaranteed notes due 2029
- $500 million (dollar_amount) — Principal amount of 6.4% notes due 2033
- $500 million (dollar_amount) — Principal amount of 5.4% guaranteed notes due 2034
FAQ
What is the total principal amount of the notes issued by CRH?
CRH issued a total of $1.5 billion in new notes, comprised of $500 million in 5.2% guaranteed notes due 2029, $500 million in 6.4% notes due 2033, and $500 million in 5.4% guaranteed notes due 2034.
What are the maturity dates for the newly issued notes?
The notes have maturity dates in 2029, 2033, and 2034.
What is the purpose of this 8-K filing?
This 8-K filing is to report on the occurrence of other events, specifically the issuance of new debt securities, and to file financial statements and exhibits related to this event.
What is the interest rate on the notes due in 2033?
The notes due in 2033 carry an interest rate of 6.4%.
What jurisdiction is CRH Public Ltd Co. incorporated in?
CRH Public Ltd Co. is incorporated in Ireland.
Filing Stats: 441 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2024-07-05 16:19:05
Filing Documents
- crh-20240705.htm (8-K) — 33KB
- notificationoftransactions.htm (EX-99.1) — 17KB
- 0001628280-24-031302.txt ( ) — 234KB
- crh-20240705.xsd (EX-101.SCH) — 3KB
- crh-20240705_def.xml (EX-101.DEF) — 17KB
- crh-20240705_lab.xml (EX-101.LAB) — 31KB
- crh-20240705_pre.xml (EX-101.PRE) — 18KB
- crh-20240705_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. On July 4, 2024, CRH public limited company released a notification of transactions by persons discharging managerial responsibilities, which is filed as Exhibit 99.1 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 July 4 , 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: July 5, 2024 CRH public limited company /s/ Neil Colgan By: Neil Colgan Company Secretary