CRH Issues $1.5 Billion in New Debt

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

From the Filing

0001628280-24-052436.txt : 20241226 0001628280-24-052436.hdr.sgml : 20241226 20241226163026 ACCESSION NUMBER: 0001628280-24-052436 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241226 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241226 DATE AS OF CHANGE: 20241226 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: 241581399 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-20241226.htm 8-K crh-20241226 false 0000849395 0000849395 2024-12-26 2024-12-26 0000849395 us-gaap:CommonStockMember 2024-12-26 2024-12-26 0000849395 crh:FivePointTwoPercentGuaranteedNotesDue2029Member 2024-12-26 2024-12-26 0000849395 crh:SixPointFourPercentNotesDue2033Member 2024-12-26 2024-12-26 0000849395 crh:FivePointFourPercentGuaranteedNotesDue2034Member 2024-12-26 2024-12-26 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): December 26, 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 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 . Item 9.01    Financial Statements and Exhibits. (d)    Exhibits. Exhibit No. Description 99.1 Notification of