Chicago, June 24 – Emeco Holdings Ltd. sold A$250 million of 6¼% senior secured notes due July 10, 2026 (B+) for its first issuance in the domestic Australia medium-term note market, according to a press release.
Proceeds will be used to fully repay the 9¼% March 2024 U.S. dollar-denominated notes.
The company had initially only aimed to partially refinance the notes, but due to significant investor interest was able to fully retire the legacy debt.
Jarden Australia Pty Ltd and Nomura International plc were joint lead managers.
Emeco Group provides mining equipment and is based out of Western Australia.
| Issuer: | Emeco Pty Ltd. Emeco Holdings Ltd.
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| Issue: | Senior secured notes
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| Amount: | A$250 million
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| Maturity: | July 10, 2026
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| Bookrunners: | Jarden Australia Pty Ltd and Nomura International plc
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| Coupon: | 6¼%
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| Trade date: | June 24
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| Settlement date: | July 2
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| Ratings: | S&P: B+
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