CRH $3 billion guaranteed notes offering
The investment-grade notes are due 2030, 2035 and 2055
Davis Polk advised the global coordinators on the SEC-registered offering by CRH SMW Finance Designated Activity Company of $1.25 billion aggregate principal amount of 5.125% guaranteed notes due 2030 and by CRH America Finance, Inc. of $1.25 billion aggregate principal amount of 5.500% guaranteed notes due 2035 and $500 million aggregate principal amount of 5.875% guaranteed notes due 2055. All series of notes were guaranteed by CRH plc.
CRH is a leading provider of building materials solutions that build, connect and improve our world. Employing 78,500 people at 3,390 operating locations in 28 countries, CRH has market leadership positions in both North America and Europe. CRH plc has its primary listing on the New York Stock Exchange and a secondary listing on the London Stock Exchange.
The Davis Polk corporate team included partner Reuven B. Young, counsel Maxim Van de moortel and associates Gianna Ceophas and Matt Meagher. Counsel Alon Gurfinkel and associate Valentin Van de Walle provided tax advice. All members of the Davis Polk team are based in the London office.