Building materials group Kingspan has raised funding of €330m after successfully placing a new syndicated credit facility.
The company says funding was put in place to facilitate Kingspan's growth plans over the next five years. It replaces a previous syndicated facility which was due to run until December 2009.
'Kingspan is pleased that in the current banking environment its banks, including a number of new lenders, have expressed confidence in Kingspan's business model, said finance director Dermot Mulvihill. The funding was oversubscribed.
