Arrow plans offering of new senior secured notes

New York, March 20 – Arrow Global Finance plc plans to sell an offering of new senior secured notes, according to a notice from the issuer.

Proceeds will be used to redeem the company’s €335 million of floating-rate senior secured notes due 2021.

The redemption date was set for March 30 subject to possible postponement by up to 10 days if the financing condition is not met.

Arrow Global is a Manchester, England-based purchaser of consumer debt and provider of receivables management solutions.

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