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HSS calls £64 million of 6¾% senior secured notes due 2019
New York, Jan. 22 – HSS Financing plc said that it will redeem £64 million of its 6¾% senior secured notes due 2019.
The debt will be redeemed at a price of 106.75 plus accrued interest up to the redemption date, which will be the 21st day following delivery of the redemption notice by the trustee.
Completion of the redemption is subject to HSS Hire Group plc raising enough funds in its initial public offering to fund the repayment of the notes.
The call is for 32% of the outstanding notes; 68% of the original amount will remain outstanding afterwards.
HSS Financing is a subsidiary of HSS Hire, a Heathrow, U.K.-based tool and equipment rental company which operates in Ireland and the United Kingdom.
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