Tate & Lyle aims to maintain a strong balance sheet and flexible funding mix.
We do this by maintaining access to a wide range of funding sources, including capital markets and bank borrowings. Most of our borrowings are raised through our treasury company, Tate & Lyle International Finance PLC and on-lent across the business.
We have issued US Private Placement Notes and make use of bank facilities to fund our business.
Liquidity risk is managed by ensuring that available liquidity, being cash and undrawn committed facilities, exceeds £400m.
We maintain credit ratings with S&P Global and are rated long term BBB and short-term A-2 with a stable outlook.
Outstanding Debt
Not listed, Semi-Annual Coupon
USPP | ISIN | Outstanding ($, m) | Coupon | Maturity | |
USPP $100m issued | N/A | 100 | 4.16% | 29 October 2027 | |
USPP $200m issued | N/A | 100 | 3.31% | 19 November 2029 | |
N/A | 100 | 3.41% | 19 November 2031 | ||
USPP $200m issued | N/A | 100 | 2.91% | 6 August 2030 | |
N/A | 100 | 3.01% | 6 August 2032 | ||
USPP $300m issued | N/A | 85 | 5.56% | 12 March 2030 | |
| N/A | 65 | Floating | 12 March 2030 | ||
| N/A | 40 | Floating | 12 March 2032 | ||
N/A | 110
| 5.84%
| 12 March 2033
|
USPP | ISIN | Outstanding (€, m) | Coupon | Maturity |
USPP €275m issued | N/A | 140 | 4.03% | 12 March 2035 |
| N/A | 135 | 4.13% | 12 March 2037 |
Bank Facility | Outstanding (€, m) | Rate Type | Maturity |
€275m Term Loan dated 26 July 2024 | 275 | Floating | 26 July 2027 |
Bank Facility | Outstanding ($,m) | Rate Type | Maturity |
$180m Term Loan dated 10 June 2026 | 180 | Floating | 10 June 2029 |
$800 RCF amended on 28 April 2026 | 800 | Floating | 16 May 2031 |
| Short term | Long term | Outlook |
Standard & Poor's | A-2 | BBB | Stable |
Tate & Lyle PLC Financial Statements can be viewed on our Results & Presentations page
Tate & Lyle International Finance PLC Financial Statements 2025 (click here to download)
Tate & Lyle International Finance PLC Financial Statements 2024 (click here to download)
Tate & Lyle PLC Memorandum and Articles of Association
Tate & Lyle International Finance PLC Memorandum and Articles of Association (click here to download)
