CRH Issues $1.5 Billion in New Debt
Ticker: CRH · Form: 8-K · Filed: Dec 26, 2024 · CIK: 849395
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
CRH just dropped $1.5B in new debt across three tranches.
AI Summary
On December 26, 2024, CRH Public Ltd Co. filed an 8-K report detailing the issuance of new debt. The company issued $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.
Why It Matters
CRH has secured significant long-term financing through the issuance of these notes, which could impact its capital structure and future investment capacity.
Risk Assessment
Risk Level: low — This filing is a routine debt issuance announcement and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- $1.5B — Total Debt Issued (CRH issued $500M in 2029 notes, $500M in 2033 notes, and $500M in 2034 notes.)
- 5.2% — Interest Rate on 2029 Notes (Represents the coupon rate for the notes maturing in 2029.)
- 6.4% — Interest Rate on 2033 Notes (Represents the coupon rate for the notes maturing in 2033.)
- 5.4% — Interest Rate on 2034 Notes (Represents the coupon rate for the notes maturing in 2034.)
Key Players & Entities
- CRH Public Ltd Co. (company) — Registrant
- 5.2% guaranteed notes due 2029 (dollar_amount) — Debt issuance
- 6.4% notes due 2033 (dollar_amount) — Debt issuance
- 5.4% guaranteed notes due 2034 (dollar_amount) — Debt issuance
- $500 million (dollar_amount) — Amount of each debt issuance
- December 26, 2024 (date) — Report date
FAQ
What is the total principal amount of debt CRH Public Ltd Co. issued?
CRH Public Ltd Co. issued a total of $1.5 billion in debt, 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.
When did CRH Public Ltd Co. file this 8-K report?
The report was filed on December 26, 2024.
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 debt issuance?
The filing does not explicitly state the purpose of the debt issuance, but it is a common corporate finance activity for general corporate purposes, refinancing, or funding operations and investments.
What is the interest rate on the notes due in 2029?
The interest rate on the 5.2% guaranteed notes due 2029 is 5.2%.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-12-26 16:30:26
Filing Documents
- crh-20241226.htm (8-K) — 34KB
- form8-kxex99126december2024.htm (EX-99.1) — 19KB
- form8-kxex99226december2024.htm (EX-99.2) — 20KB
- 0001628280-24-052436.txt ( ) — 259KB
- crh-20241226.xsd (EX-101.SCH) — 3KB
- crh-20241226_def.xml (EX-101.DEF) — 17KB
- crh-20241226_lab.xml (EX-101.LAB) — 31KB
- crh-20241226_pre.xml (EX-101.PRE) — 18KB
- crh-20241226_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. On December 23, 2024 and December 24, 2024, respectively, CRH public limited company released notifications of transactions by persons discharging managerial responsibilities, which are filed as Exhibits 99.1 and 99.2, 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 December 23, 2024 99.2 Notification of CRH public limited company, dated December 24, 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: December 26, 2024 CRH public limited company /s/ Neil Colgan By: Neil Colgan Company Secretary