Ashtead Holdings issues call to redeem $250 million 8 5/8% notes

By Toni Weeks

San Diego, March 28 - Ashtead Holdings plc has issued a call to redeem $250 million of 8 5/8% second-priority senior secured notes due 2015, according to an announcement.

The redemption will occur on April 28 at a redemption price of 104.313, or $78,234.75 per $75,000 principal amount, plus accrued interest.

The paying agent is the Bank of New York.

London-based Ashtead is an investment holding company that engages in equipment rental through its subsidiaries.

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