Kingspan secures €350m funding for growth

Building materials firm Kingspan said today it has secured funds of €350 million through a syndicated credit facility.

Building materials firm Kingspan said today it has secured funds of €350 million through a syndicated credit facility.

This funding will facilitate organic and acquisition growth plans over the next five years for the group.

Mr Dermot Mulvihill, group finance director, said: "The syndicated credit facility reinforces our stated strategy of expansion by organic growth and via selective acquisitions where appropriate."

IIB Bank/KBC Bank NV acted as mandated lead arranger on the deal.