Like many organisations, The Weir Group has historically relied on bank credit facilities as the sole source of debt funding.
Prompted by the financial crisis, they made the decision to conduct a capital management review which was presented to the board in, 2009. In particular they were concerned about the potential impact of the crisis on the availability and cost of financing, and they also wished to review their funding options given both our strong cash generation and ambitious growth aspirations.
John JacksonGroup Treasurer
Weir Group PLC