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IN BRIEF: Ashtead Group prices USD750 million in senior notes

Fri, 05th Aug 2022 09:27

Ashtead Group PLC - London-based industrial equipment rental company - Announces pricing of offering of USD750.0 million in 5.500% senior notes due 2032, with the issue price 90.009% of principle amount. The issue is via indirect wholly-owned subsidiary Ashtead Capital Inc, and will close on Thursday. Will use net proceeds to repay portion of borrowing from credit facility.

Current stock price: 4,621.00 pence, up 0.5% in London on Friday

12-month change: down 14%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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