CHEMRING GROUP PLC - US Private Placement.

PR Newswire UK Disclose, November, 2007

 
FOR IMMEDIATE RELEASE 14 NOVEMBER 2007 
 
                              CHEMRING GROUP PLC 
 
                             US PRIVATE PLACEMENT 
 
Chemring Group PLC ("Chemring" or "the Group") announces that it has completed 
a $150 million private placement of 10 year fixed interest loan notes in the US 
with a number of institutional investors. 
 
The loan notes will mature in 2017 and carry an interest rate of approximately 
6.30%, a more favourable rate than the Group currently enjoys. The proceeds 
will be used to repay existing dollar debt and will provide additional working 
capital facilities for the Group. 
 
Paul Rayner, Finance Director of Chemring, said: 
 
"We are delighted that our first foray into the US private placement market has 
been highly successful and...

            
        
    
    	    
                
                
	

		

					 
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