WS Atkins plc (ATK.L) announced the execution of the Group's debut issue in the US private placement market. The proceeds of the $75 million, 4.38% notes with a term of 7 years, would be used to repay drawn funds under the Group's existing banking facility and for general corporate purposes.
The company added, "Entry into the USPP market is an important step for Atkins as it seeks to broaden its sources of funding to support its future growth ambitions."
Heath Drewett, Group finance director said: "We are delighted to have secured this additional funding to support our longer term strategy. In particular, the issue offers increased diversity and an extended maturity profile for the Group's debt."
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