Ashtead calls all $534.05 million of 9% fixed-rate notes due 2016

By Tali David

Minneapolis, Aug. 20 - Ashtead Capital, Inc. called all $534,047,000 of its 9% fixed-rate notes due 2016, according to a redemption notice.

The notes were redeemed at 103 on Aug. 17.

As previously reported, the company terminated a tender offer for the notes on July 16 and said it would instead redeem the notes. The offer began June 29 and was set to end July 27.

The company was offering $1,033.75 plus accrued interest to the settlement date. This included a consent payment of $10.00 for those who tendered their notes by 5 p.m. ET on July 13.

Ashtead Capital is a subsidiary of Ashtead Group plc, a London-based equipment rental company.

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