Chesnara PLC (LSE:CSN) has announced the pricing of its £200mln inaugural debt capital markets issue.
Proceeds from the funding are earmarked for general corporate purposes including investments and acquisitions, the company said in a statement.
The debt instruments are BBB- rated by Fitch, have a 10.5 year maturity and carry a coupon of 4.75%.
"We are delighted with the level of investor interest in Chesnara's first notes issuance,” said chief executive Steve Murray.
“The financing will be utilised primarily to provide financial flexibility and accelerate our growth strategy including the delivery of value from future acquisitions, while also underpinning, and diversifying our group's capital structure.
"The notes represent an important milestone for Chesnara in enhancing our group's financing capabilities which will leave Chesnara well positioned to pursue further growth opportunities."