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HC2 pricing $30 million tap of 11% secured notes due 2019 on Monday
By Paul A. Harris
Portland, Ore., March 23 – HC2 Holdings, Inc. plans to price a $30 million add-on to its 11% senior secured notes due Dec. 1, 2019 (existing ratings Caa1/B) on Monday, according to an informed source.
Jefferies LLC is the bookrunner for the Rule 144A and Regulation S for life offering.
The notes become callable on Dec. 1, 2016 at 108.25.
The Herndon, Va., diversified holding company plans to use the proceeds for general corporate purposes.
The original $250 million issue priced at 99.05 to yield 11¼% on Nov. 13, 2014.
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