Ashtead Group PLC Notes Offering (5861N)
August 09 2017 - 1:20PM
UK Regulatory
TIDMAHT
RNS Number : 5861N
Ashtead Group PLC
09 August 2017
ASHTEAD GROUP, PLC
CLOSING OF SECOND PRIORITY SENIOR SECURED NOTES OFFERING
9 August 2017
Ashtead Group plc ("Ashtead" or the "Company") announced today
the closing of the previously announced offering of $600 million
aggregate principal amount of 4.125% second priority senior secured
notes due 2025 (the "2025 Notes") and $600 million aggregate
principal amount of 4.375% second priority senior secured notes due
2027 (the "2027 Notes" and, together with the 2025 Notes, the
"Notes") by Ashtead Capital, Inc. ("Ashtead Capital"), an indirect
wholly owned subsidiary of Ashtead. The Notes are fully and
unconditionally guaranteed on a senior secured basis by Ashtead and
certain of Ashtead's direct and indirect subsidiaries.
________________________________________________________________________
1. The Notes are being offered in the United States only to
qualified institutional buyers pursuant to the exemption from
registration under Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and outside the United States only
to non-U.S. investors pursuant to Regulation S under the Securities
Act. The Notes have not been registered under the Securities Act or
any state securities laws and unless so registered, may not be
offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws.
2. This release shall not constitute an offer to sell or a
solicitation of an offer to purchase the securities described
herein or any other securities, and shall not constitute an offer,
solicitation or sale in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful.
3. Ashtead is a public limited company incorporated under the
laws of England and Wales and its stock is publicly traded on the
London Stock Exchange (LSE: AHT). The Company is one of the largest
international equipment rental companies, with a network of 808
stores in the United States ("US"), Canada and the United Kingdom
("UK") as of April 30, 2017. Ashtead conducts its equipment rental
operations in the US and Canada under the name "Sunbelt Rentals"
and in the UK under the name "A-Plant."
4. This communication is directed only to persons who (i) are
outside the United Kingdom; (ii) are persons falling within Article
19(5) ("Investment professional") of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the
"Financial Promotion Order"), (iii) are persons falling within
Article 49(2)(a) to (d) ("High net worth companies, unincorporated
associations, etc.") of the Financial Promotion Order, (iv) are
persons falling within Article 43(2) of the Financial Promotion
Order ("Members and creditors of certain bodies corporate"), or (v)
are persons to whom an invitation or inducement to engage in
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any Securities may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). This
communication is directed only at relevant persons and must not be
acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this communication
relates is available only to relevant persons and will be engaged
in only with relevant persons.
5. FCA/Stabilisation.
Enquiries:
Geoff Drabble, Chief Executive
Suzanne Wood, Finance Director
Will Shaw, Director of Investor Relations +44 (0)20 7726 9700
Becky Mitchell, Maitland
Tom Eckersley, Maitland +44 (0)20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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