REG - Weir Group PLC - Weir AUD 400m Bond Pricing

WeirAnnouncement

Thu 12:00

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RNS Number : 6911D  Weir Group PLC  16 October 2025

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Weir prices offering of Australian $400 million senior notes

(Glasgow - United Kingdom) - October 16, 2025 - The Weir Group PLC ("Weir" or
the "Company") has successfully priced an offering by its wholly owned
subsidiary, Weir Group (Australian Holdings) Pty Limited (ABN 57 090 873 117),
comprising Australian $400 million in aggregate principal amount of senior
notes due 2031 (the "Notes"). The Notes will be guaranteed by the Company and
Weir Group Inc., a US incorporated, wholly owned subsidiary of the Company.
The net proceeds of the Notes are intended to partly fund the previously
announced acquisition of Mining Software Holdings Pty Ltd ("Micromine").

"We are delighted with the positive response to the Group's Australian dollar
syndicated bond offering. The proceeds will partly replace the existing
bridging loan established for purposes of the Micromine acquisition" said
Chief Financial Officer, Brian Puffer.

The Notes are priced at a spread of SQ ASW+165bps and will have a coupon of
5.200% per annum. The closing of the Notes offering is scheduled to be
completed on or about October 23, 2025 and is subject to customary conditions.

 

Important Notice

This announcement does not constitute an offer to acquire any securities and
shall not be deemed to constitute an offer of or an invitation to purchase or
subscribe any securities. This announcement does not constitute an offer to
sell, exchange or transfer any securities and is not soliciting an offer to
purchase, exchange or transfer any securities in any jurisdiction where such
offer, sale, exchange or transfer is not permitted or is unlawful.

The Notes have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction of the
United States, and may not be offered, sold, resold, pledged, delivered or
transferred, directly or indirectly, into or within the United States or to,
or for the account or benefit of, any U.S. persons as defined in Regulation S
under the Securities Act, except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities
Act and in compliance with any applicable securities laws of any state or
other jurisdiction of the United States.

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