NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES
CRH plc establishes €1.5 Billion
Euro Commercial Paper Programme
31 July 2017
CRH plc, the international building materials group, is pleased to announce that it has established a euro commercial paper programme ("CRH ECP Programme"). Under the CRH ECP Programme, CRH Finance DAC and CRH Finance (U.K.) plc, wholly-owned finance subsidiaries of CRH plc, may issue, from time to time (together, the "Issuers"), unsecured short-term euro commercial paper notes (the "Notes") through appointed dealers up to a maximum aggregate amount outstanding at any time of €1.5 billion. The Notes will be guaranteed by CRH plc (the "Guarantor") and will be sold to investors outside the US. The CRH ECP Programme adds flexibility to CRH's short-term funding options, and complements CRH's US commercial paper program launched in 2016.
The CRH ECP Programme has been assigned short-term ratings of A-2+ by Standard & Poor's Credit Market Services Europe Limited ("S&P"), Prime-2 ("P-2") by Moody's Deutschland GmbH ("Moody's") and F2 by Fitch Ratings Ltd ("Fitch").
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Frank Heisterkamp Head of Investor Relations
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is a leading global diversified building materials group, employing c.87,000 people at c.3,800 operating locations in 31 countries worldwide. With a market capitalisation of c.€26 billion (July 2017), CRH is the largest building materials company in North America and the second largest worldwide. The Group has leadership positions in Europe as well as established strategic positions in the emerging economic regions of Asia and South America. CRH is committed to improving the built environment through the delivery of superior materials and products for the construction and maintenance of infrastructure, housing and commercial projects. A Fortune 500 company, CRH is a constituent member of the FTSE 100 index, the EURO STOXX 50 index and the ISEQ 20. CRH's American Depositary Shares are listed on the NYSE. For more information visit www.crh.com
Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. The Notes have not been, and will not be, registered under the Securities Act of 1933 or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. The Notes constitute commercial paper for the purposes of, and are issued in accordance with an exemption granted by the Central Bank of Ireland under, Section 8(2) of the Central Bank Act, 1971 of Ireland, inserted by Section 31 of the Central Bank Act, 1989 of Ireland, as amended by Section 70(d) of the Central Bank Act, 1997 of Ireland each as amended by the Central Bank and Financial Services Authority of Ireland Act 2004.
No application will be made at any time to list the Notes on any stock exchange. A communication of an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (the "FSMA")) received in connection with the issue or sale of any Notes will only be made in circumstances in which Section 21(1) of the FSMA does not apply to the Issuers or the Guarantor.
Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin 2, R02 R279, Ireland