Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Loxam SAS > News item |
Loxam calls €110.7 million of 4 7/8% senior secured notes due 2021
New York, July 28 – Loxam SAS will redeem €110.7 million, or 27%, of its €410 million of outstanding 4 7/8% senior secured notes due 2021 on Aug. 7, according to a notice from the issuer.
The company will pay 102.438% of par plus accrued interest for the notes.
Funding for the redemption will come from available cash, according to a news release.
The repayment of the notes will lower annual interest expense by €5.5 million, the company said.
Loxam is a Paris-based equipment rental company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.