8-K

CRH PUBLIC LTD CO 8-K Report (Dec 29, 2023)

Filed December 29, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has announced a significant operational change regarding its subsidiary, CRH America, Inc. Specifically, the 6.40% notes due 2033, which are fully guaranteed by the parent company, will be delisted from Euronext Dublin and subsequently listed on The New York Stock Exchange (NYSE). This strategic move aims to consolidate CRH America's debt listings to a major global exchange, potentially enhancing liquidity and investor access. While the filing itself is administrative, the relocation of a significant debt instrument to the NYSE signals CRH's continued integration into the U.S. capital markets and may reflect a broader strategy to align its financial instruments with its primary operational and investor base.

Key Highlights

  • 1CRH America, Inc., a subsidiary of CRH, is transferring the listing of its 6.40% notes due 2033.
  • 2The notes will be delisted from Euronext Dublin.
  • 3The notes will be listed on The New York Stock Exchange (NYSE).
  • 4The notes are fully and unconditionally guaranteed by CRH public limited company.
  • 5The delisting from Euronext Dublin is effective immediately as of the announcement date.
  • 6This filing (Form 6-K) is incorporated by reference into CRH's existing SEC registration statements.

Frequently Asked Questions

The main purpose of this filing is to announce the delisting of CRH America, Inc.'s 6.40% notes due 2033 from Euronext Dublin and their subsequent listing on The New York Stock Exchange (NYSE).

CRH America, Inc. is the issuer of these notes, and CRH public limited company provides a full and unconditional guarantee for them.

While not explicitly stated, common reasons for such a move include seeking increased liquidity, greater access to a broader investor base on a major global exchange, and aligning the listing venue with the company's operational focus or primary market.

The filing indicates a change in listing venue only. The terms of the notes and the full and unconditional guarantee provided by CRH public limited company remain in effect.