(Alliance News) - Helios Towers PLC on Wednesday said its subsidiary HTA Group Ltd launched its offering of USD200 million of aggregate principal amount of its existing 7.00% senior notes due 2025.
The FTSE 250-listed telecommunications company said the notes are guaranteed on a senior basis by Helios Towers and some of its direct and indirect subsidiaries.
The proceeds of the offering will be used for general corporate purposes, which may include acquisitions such as the recently announced agreement to acquire the passive infrastructure assets from Free Senegal, and to pay some fees and expenses in relation to the offering.
Helios Towers shares were trading 0.1% higher in London on Wednesday at 155.80 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Helios Towers (HTWS)