Group Issue of £200m US Private Placement
April 25, 2012
ABP Finance Plc announces that ABP Acquisitions UK Limited, a fellow subsidiary of ABPA Holdings Limited, has today issued £200m in a private placement of floating rate senior secured guaranteed notes due 2033 to Metropolitan Life Insurance Company of the United States and affiliates. The proceeds of the notes, which have an average life of 20 years, are being used to refinance an equivalent amount of ABP Acquisitions UK Limited's existing three-year senior bank facilities.
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