CRH Prices $2.5 Billion in Notes Offerings
Ticker: CRH · Form: 8-K · Filed: Jan 10, 2025 · CIK: 849395
Sentiment: neutral
Topics: debt-offering, financing, notes
TL;DR
CRH just raised $2.5B across 4 note tranches maturing in 2029, 2033, and 2034.
AI Summary
On January 9, 2025, CRH Public Ltd Co. announced the pricing of its offering of $500 million aggregate principal amount of 5.2% guaranteed notes due 2029, $500 million aggregate principal amount of 6.4% notes due 2033, and $500 million aggregate principal amount of 5.4% guaranteed notes due 2034. The company also announced the pricing of its offering of $1.0 billion aggregate principal amount of 5.2% guaranteed notes due 2029.
Why It Matters
CRH has successfully raised significant capital through multiple note offerings, indicating strong market confidence and providing funds for potential future investments or debt management.
Risk Assessment
Risk Level: low — The filing is a standard debt issuance announcement with no immediate negative implications for the company.
Key Numbers
- $2.5B — Total Notes Offered (CRH raised a substantial amount of capital through various debt issuances.)
- 5.2% — Interest Rate (2029 Notes) (Represents the coupon rate for the notes maturing in 2029.)
- 6.4% — Interest Rate (2033 Notes) (Represents the coupon rate for the notes maturing in 2033.)
- 5.4% — Interest Rate (2034 Notes) (Represents the coupon rate for the notes maturing in 2034.)
Key Players & Entities
- CRH Public Ltd Co. (company) — Registrant
- $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
- $1.0 billion (dollar_amount) — Principal amount of 5.2% guaranteed notes due 2029
- January 9, 2025 (date) — Date of earliest event reported
FAQ
What is the total aggregate principal amount of notes CRH Public Ltd Co. is offering?
CRH Public Ltd Co. is offering a total aggregate principal amount of $2.5 billion across four tranches of notes.
What are the maturity dates for the notes being offered?
The notes being offered have maturity dates in 2029, 2033, and 2034.
What are the specific interest rates for each tranche of notes?
The notes due 2029 have a 5.2% interest rate, the notes due 2033 have a 6.4% interest rate, and the notes due 2034 have a 5.4% interest rate.
When was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is January 9, 2025.
What is the primary business of CRH Public Ltd Co. based on its SIC code?
Based on its Standard Industrial Classification (SIC) code 3241, CRH Public Ltd Co. is primarily involved in the Cement, Hydraulic industry.
Filing Stats: 1,419 words · 6 min read · ~5 pages · Grade level 8.9 · Accepted 2025-01-10 07:36:17
Key Financial Figures
- $1,250,000,000 — l to the underwriters named therein (i) $1,250,000,000 aggregate principal amount of 5.500% Gu
- $500,000,000 — es due 2035 (the "2035 notes") and (ii) $500,000,000 aggregate principal amount of 5.875% Gu
Filing Documents
- d899779d8k.htm (8-K) — 41KB
- d899779dex11.htm (EX-1.1) — 183KB
- d899779dex12.htm (EX-1.2) — 184KB
- d899779dex43.htm (EX-4.3) — 300KB
- d899779dex44.htm (EX-4.4) — 215KB
- d899779dex51.htm (EX-5.1) — 76KB
- d899779dex52.htm (EX-5.2) — 77KB
- d899779dex53.htm (EX-5.3) — 9KB
- d899779dex54.htm (EX-5.4) — 9KB
- 0001193125-25-004088.txt ( ) — 1520KB
- crh-20250109.xsd (EX-101.SCH) — 4KB
- crh-20250109_def.xml (EX-101.DEF) — 14KB
- crh-20250109_lab.xml (EX-101.LAB) — 24KB
- crh-20250109_pre.xml (EX-101.PRE) — 15KB
- d899779d8k_htm.xml (XML) — 8KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 10, 2025 CRH public limited company /s/ Alan Connolly By: Alan Connolly Title: Interim Chief Financial Officer