Cookson repays £110m early

Cookson, the UK building materials group, will prepay part of its £794m-equivalent loan this month following the completion of its £241m rights issue last week.

  • 10 Mar 2009

The borrower will use the proceeds from the capital raising to pay back £75m and Eu37.5m (together totalling £110m) of its two term loans. These repayments were originally due as amortisations in October 2010.

In return for the early payment, Cookson’s lenders will delay the tightening of its net ...

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