Fletcher Building Limited (ASX:FBU, NZE:FBU) has received support from the US private placement market, with the announcement of the raising of $US300 million in long term debt.
The building products and construction materials company says the private placement has two maturities of 10 and 12 years.
Chief financial officer Bill Roest says the company’s previously accessd this market for longer term funding, and he’s again pleased with the outcome of the placement.
Fletcher Building reported a profit of $225 million in the 2011 financial year.
