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GLASGOW - The Weir Group PLC announced Thursday it has successfully priced an offering of Australian $400 million in senior notes due 2031 through its wholly owned subsidiary, Weir Group (Australian Holdings) Pty Limited.
The notes, which carry a 5.200% annual coupon, were priced at a spread of SQ ASW+165bps. They will be guaranteed by Weir Group PLC and its US-incorporated subsidiary Weir Group Inc.
According to the company, proceeds from the bond offering will partially replace an existing bridge loan established to fund Weir’s previously announced acquisition of Mining Software Holdings Pty Ltd, known as Micromine.
"We are delighted with the positive response to the Group’s Australian dollar syndicated bond offering," said Brian Puffer, Chief Financial Officer of Weir Group.
The transaction is expected to close on or about October 23, 2025, subject to customary closing conditions.
The notes have not been registered under the U.S. Securities Act of 1933 and are not being offered or sold in the United States.
Weir Group, a global engineering company headquartered in Scotland, specializes in mining and infrastructure equipment. The bond offering announcement was made via a press release statement issued by the company.
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