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Prospect News home > News index > List of issuers A > Headlines for AA plc > News item
Published on 1/19/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

AA Bond to redeem outstanding class B2 notes using B3 proceeds

By Taylor Fox

New York, Jan. 19 – AA plc plans to redeem AA Bond Co. Ltd.’s outstanding amount of class B2 notes using proceeds from its £280 million class B3 notes offering with proceeds from its £261 million equity contribution deployed by Basing Bidco Ltd., according to a news release.

The B3 offering proceeds will first be placed into an escrow account until the completion of the acquisition of AA plc by Basing Bidco.

AA is a London-based roadside assistance services provider.


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