Arrow BidCo redeems remaining 9½% senior secured notes due 2024

By William Gullotti

Buffalo, N.Y., Nov. 21 – Arrow BidCo, LLC, an indirect subsidiary of Target Hospitality Corp., redeemed all $28,054,000 outstanding 9½% senior secured notes due 2024 (Cusips: 042728AA3, U0424NAA2) on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The notes were redeemed at par plus accrued and unpaid interest up to, but excluding, Nov. 21.

Arrow funded the redemption with available cash on hand.

Arrow BidCo is an indirect subsidiary of Target Hospitality, a provider of specialty rental and hospitality services in the United States, principally focused on several end markets, including oil and gas, energy infrastructure and government, which is based in The Woodlands, Tex.

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