Kier Group plc

KIE

GB0004915632

Construction & Engineering

Market Closed - London S.E. Other stock markets 16:35:19 20/05/2024 BST			5-day change	1st Jan Change
146.8 ^GBX	0.00%		+3.09%	+36.94%

05-14	Kier wins contract for Bullingdon prison in Oxfordshire	AN
05-10	UBS raises Trainline, cuts Kingspan	AN

Kier plans offer of GBP250 million in senior debt notes

February 05, 2024 at 10:08 am

Kier Group PLC - Manchester, England-based infrastructure services, construction and property - Plans to offer GBP250.0 million in five-year senior notes, as part of a wider refinancing of debt facilities. Says the interest rate and offering price will be determined at the time of the pricing of the notes. Last month, Kier said it has a "modest" net cash position as of the end of 2023, improved from GBP131 million in debt a year before.

Current stock price: 128.80 pence

12-month change: up 81%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Kier Group plc

Kier wins contract for Bullingdon prison in Oxfordshire	05-14	AN
UBS raises Trainline, cuts Kingspan	05-10	AN
IN BREIF: Kier Group's property director Thomas sells 55,000 shares	03-19	AN
Kier Group plc(LSE:KIE) added to FTSE 350 Index	03-17	CI
Kier Group plc(LSE:KIE) added to FTSE 350 (Ex Investment Companies) Index	03-17	CI
Kier Group plc(LSE:KIE) added to FTSE 250 (Ex Investment Companies) Index	03-17	CI
Kier Group plc(LSE:KIE) added to FTSE 250 Index	03-17	CI
FTSE 100 Closed Up 0.2% as ECB Leaves Interest Rates Unchanged	03-07	DJ
Kier Group resumes dividends as revenue and profit jump up	03-07	AN
Kier Group's Fiscal H1 Profit Edges Down; Revenue Grows	03-07	MT
Earnings Flash (KIE.L) KIER GROUP Posts Fiscal H1 Revenue GBP1.86B	03-07	MT
Earnings Flash (KIE.L) KIER GROUP Posts Fiscal H1 EPS GBX4.40	03-07	MT
Funding Circle up on GBP25 million buyback	03-07	AN
Transcript : Kier Group plc, H1 2024 Earnings Call, Mar 07, 2024	03-07
Kier Group plc Declares Interim Dividend for the Year Ending 30 June 2024, Payable on May 31, 2024	03-07	CI
Kier Group plc Reports Earnings Results for the Half Year Ended December 31, 2023	03-07	CI
S&P 500 : Indices: Super Micro, Deckers, Zozo and EasyJet promoted	03-04
Kier Group's environmental targets receive key verifications	03-01	AN
EasyJet flies back into FTSE 100; Endeavour relegated	02-28	AN
EasyJet to fly back to FTSE 100 as Endeavour loses shine	02-20	AN
Kier Issues GBP250 Million of Notes due 2029, Amends Revolving Credit Facility	02-15	MT
Kier issues GBP250 million in senior debt notes at 9% coupon	02-15	AN
Kier Group plc Issues £250.0 Million in Aggregate Principal Amount of 9.0% Senior Notes Due 2029	02-15	CI
Berenberg Starts Kier Group Coverage at Buy	02-09	MT
S&U shares hit due to several headwinds	02-09	AN

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Company Profile

Kier Group plc is an infrastructure services and construction company. The Company is a provider of infrastructure services, construction, and property development. The Companyâs segments include Infrastructure Services, Construction and Property. The Infrastructure Services segment consists of Highways, Infrastructure and Utilities businesses. The Highways business designs, builds and maintains roads for National Highways, Transport for London and a number of district and county councils. The Infrastructure business delivers major and complex infrastructure and civil engineering projects. The Utilities business provides construction and maintenance services, under long-term contracts, to the water, energy, and telecom sectors. The Construction segment comprises regional building, strategic projects, Kier Places, as well as its international business. The Property segment invests and develops primarily mixed-use commercial and residential schemes and sites across the United Kingdom.

Sector

Construction & Engineering

Calendar

18/07/2024 - Q4 2024 Sales and Revenue Release - Trading Update

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Ratings for Kier Group plc

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ESG Refinitiv

B+

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Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.468 GBP

Average target price

1.927 GBP

Spread / Average Target

+31.24%

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Other Construction & Engineering

Kier Group plc

Equities

KIE

GB0004915632

Construction & Engineering

Kier plans offer of GBP250 million in senior debt notes

Latest news about Kier Group plc

Chart Kier Group plc

Company Profile

Income Statement Evolution

Ratings for Kier Group plc

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Other Construction & Engineering