Kingspan completes €700 million revolving credit facility with ten leading banks

Cavan-based Kingspan has completed a €700 million revolving credit facility with ten leading international banks.

The new five-year facility, with the option of a two-year extension, will be used for “general corporate purposes” and to support the insulation manufacturer’s “Planet Passionate Strategy”.

The “Planet Passionate Strategy” targets net zero carbon manufacturing by 2030.

Kingspan’s Chief Financial Officer, Geoff Doherty, says the financing will “support Kingspan in all of its key markets, regionally and globally”.

When combined with the Green Private Placement bond of €750m completed in December of 2020, Mr Doherty says Kingspan has arranged €1.45 billion of sustainable debt funding over the last six months.