HT Global IT Solutions plans to offer additional 7% notes due 2021

By Marisa Wong

Morgantown, W.Va., Aug. 31 – HT Global IT Solutions Holdings Ltd. is proposing an offering of additional dollar-denominated 7% senior notes due 2021, according to a company announcement.

The add-on notes will have the same terms, except the issue date and issue price, as the original $300 million of notes issued on July 14, 2016.

Pricing will be determined through a bookbuilding exercise conducted by Deutsche Bank and Standard Chartered Bank.

Proceeds from the Rule 144A and Regulation S notes will be used to top up an interest reserve account to meet a pre-funding requirement in connection with the new notes and to pay for fees in connection with the company’s concurrent consent solicitation.

The investment holding company is based in Mauritius.

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