IN BRIEF: Ashtead Group prices USD750 million in 10-year debt notes

Ashtead Group PLC - London-based US-focused industrial equipment rental - Wholly owned subsidiary ...

Alliance News 25 July, 2023 | 7:25AM
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Ashtead Group PLC - London-based US-focused industrial equipment rental - Wholly owned subsidiary Ashtead Capital Inc prices USD750.0 million in 5.95% senior notes due 2023 at 99.912% of the principal amount. The funds raised will be used to repay a portion of Ashtead's borrowings against its first priority senior secured credit facility and for general corporate purposes.

Current stock price: 5,540.00 pence, down 0.9% in London early Tuesday

12-month change: up 34%

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Ashtead Group PLC 6,104.00 GBX 5.97

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