CRH Issues $1.5B in New 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

From the Filing

0001628280-24-031302.txt : 20240705 0001628280-24-031302.hdr.sgml : 20240705 20240705161905 ACCESSION NUMBER: 0001628280-24-031302 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240705 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240705 DATE AS OF CHANGE: 20240705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CRH PUBLIC LTD CO CENTRAL INDEX KEY: 0000849395 STANDARD INDUSTRIAL CLASSIFICATION: CEMENT, HYDRAULIC [3241] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32846 FILM NUMBER: 241102796 BUSINESS ADDRESS: STREET 1: STONEMASON'S WAY, RATHFARNHAM CITY: DUBLIN 16 STATE: L2 ZIP: D16 KH51 BUSINESS PHONE: 353 1 404 1000 MAIL ADDRESS: STREET 1: STONEMASON'S WAY, RATHFARNHAM CITY: DUBLIN 16 STATE: L2 ZIP: D16 KH51 8-K 1 crh-20240705.htm 8-K crh-20240705 false 0000849395 0000849395 2024-07-05 2024-07-05 0000849395 us-gaap:CommonStockMember 2024-07-05 2024-07-05 0000849395 crh:FivePointTwoPercentGuaranteedNotesDue2029Member 2024-07-05 2024-07-05 0000849395 crh:SixPointFourPercentNotesDue2033Member 2024-07-05 2024-07-05 0000849395 crh:FivePointFourPercentGuaranteedNotesDue2034Member 2024-07-05 2024-07-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 5, 2024 CRH public limited company (Exact name of registrant as specified in its charter) Ireland 001-32846 98-0366809 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Stonemason's Way , Rathfarnham , Dublin 16, D16 KH51 , Ireland (Address of principal executive offices) +353 1 404 1000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares of €0.32 each CRH New York Stock Exchange 5.200% Guaranteed Notes due 2029 CRH/29 New York Stock Exchange 6.40% Notes due 2033 CRH/33A New York Stock Exchange 5.400% Guaranteed Notes due 2034 CRH/34 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter) ☐ Emerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(e) of the Exchange Act ☐ 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. 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 (formatte