Ashtead Group PLC Notice of Redemption (8369N)
August 11 2017 - 12:11PM
UK Regulatory
TIDMAHT TIDM38LP
RNS Number : 8369N
Ashtead Group PLC
11 August 2017
ASHTEAD CAPITAL, INC.
6.50% Second Priority Senior Secured Notes due 2022
NOTICE OF REDEMPTION
CUSIP Nos. (144A ISIN Nos. (144A
Aggregate Notes / Notes /
Principal Description Regulation S Regulation S
Amount of Notes Notes) Notes)
------------- ----------------- ----------------- ----------------
$900,000,000 6.50% Second 045054AB9 / US045054AB98
Priority Senior U04344AB0 / USU04344AB07
Secured Notes
due 2022
Reference is made to the Indenture, dated as of July 16, 2012,
as amended by Supplemental Indenture No. 1 dated as of November 19,
2012, Supplemental Indenture No. 2 dated as of June 25, 2013,
Supplemental Indenture No. 3 dated as of December 17, 2013,
Supplemental Indenture No. 4 dated as of February 6, 2015 and
Supplemental Indenture No. 5, dated as of July 28, 2017 (the
"Indenture"), among Ashtead Capital, Inc. (the "Issuer"), Ashtead
Group plc, as Parent Guarantor, the Subsidiary Guarantors named
therein and The Bank of New York Mellon, as trustee, collateral
agent and paying agent (the "Trustee" and "Paying Agent"),
governing the Issuer's 6.50% Second Priority Senior Secured Notes
due 2022 (the "Notes"). Any capitalized term used but not otherwise
defined herein has the meaning assigned to such term in the
Indenture.
1. The Issuer hereby notifies the Holders of the Notes of a
redemption of the Notes, pursuant to paragraph (c) of Section 3.05
of the Indenture and paragraph (c) of Section 6 of the Notes as
follows:
Redemption Date: September 10, 2017.
Principal Amount of Notes to be Redeemed: $331,966,000.
Redemption Price: 103.250% of the principal amount of the Notes
plus accrued and unpaid interest to, but not including, the
Redemption Date. Interest on the Notes accrues at a rate of 6.50%
per annum, payable semi-annually in arrears on January 15 and July
15 of each year. The amount of accrued and unpaid interest to be
paid to Holders pursuant to the redemption represents interest
accrued from July 15, 2017, the last Interest Payment Date prior to
the Redemption Date, to, but not including, the Redemption
Date.
Paying Agent: The Notes called for redemption are to be
surrendered for payment of the Redemption Price at The Bank of New
York Mellon, One Canada Square, 40th Floor, London E14 5AL,
England, acting as the Issuer's agent.
2. The Notes called for redemption must be surrendered to the
Paying Agent to collect the Redemption Price.
3. No representation is made as to the correctness of any CUSIP
or ISIN numbers either as printed on the Notes or as contained in
this Notice of Redemption, and each Holder may rely only on the
other identification numbers printed on the Notes.
4. On the Redemption Date, the Redemption Price will become due
and payable on Notes called for redemption and, unless the Issuer
and the Guarantors default in making such redemption payment,
interest on Notes called for redemption shall cease to accrue on
and after the Redemption Date.
EACH HOLDER IS URGED TO CONSULT ITS TAX ADVISOR AS TO THE
PARTICULAR TAX CONSEQUENCES OF REDEMPTION TO SUCH HOLDER, INCLUDING
THE APPLICABILITY AND EFFECT OF FEDERAL, STATE, LOCAL AND OTHER TAX
LAWS.
Dated as of August 11, 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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