skip to content

Other

Ashtead closes $1.2bn notes offering

10 August 2017 08:33

Ashtead Group's wholly-owned subsidiary, Ashtead Capital, has closed its private offering of notes totalling $1.2bn.

The offering comprised $600m of 4.125% second priority senior secured notes due 2025 and $600m of 4.375% second priority senior secured notes due 2027.

The notes are fully and unconditionally guaranteed on a senior secured basis by Ashtead and certain of the group's direct and indirect subsidiaries.

Ashtead previously said it intended to use the net proceeds to:

- repurchase all or any of Ashtead Capital's outstanding 6.50% second priority senior secured notes (of which approximately $900m

- pay related fees and expenses

- repay a portion of the outstanding amounts borrowed under its first priority senior secured credit facility

At 8:33am: (LON:AHT) Ashtead Group PLC share price was -8.5p at 1614.5p

Story provided by StockMarketWire.com

Related Company: AHT

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.