daa Finance plc Statement
daa finance plc
EUR400,000,000 1.554 per cent notes due 2028 of daa finance plc, guaranteed by daa plc (ISIN:XS1419674525)
Liquidity update and credit rating
27 March 2020
On 25 March 2020, daa plc (“daa”) increased its undrawn committed revolving credit facility from €300 million to €450 million and extended the final maturity of the facility from November 2022 to March 2025. The facility continues to benefit from no financial covenants. All of daa’s existing syndicate relationship banks were involved in the transaction.
Separately, on 26 March 2020, due to the possible effects of the COVID-19 pandemic on its business, S&P Global Ratings placed daa’s credit rating (A/A-1) on CreditWatch with negative implications.
Enquiries: Ray Gray, Group Chief Financial Officer, daa plc
Telephone number: +353 1 944 5265/6
Catherine Gubbins, Director of Finance, daa plc
Telephone number: +353 1 944 2205