November 2009

Chemring Group – Private placement of loan notes

Cardew has advised Chemring on a $280m placement of fixed interest loan notes with institutional investors. The issue carries a coupon of 5.5% and matures in 2016-19. The proceeds will provide Chemring with greater financial flexibility to pursue its growth strategy.
 
Contacts: Rupert Pittman, Catherine Maitland and Sophie Leigh-Pemberton