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Ashton Woods to repay second-lien facility, revolver via note proceeds
By Sara Rosenberg
New York, Jan. 28 - Ashton Woods USA LLC plans to repay a second-lien facility and revolver borrowings with proceeds from a $250 million senior notes offering and an equity contribution, according to a market source.
Also, the company will use the notes and equity to redeem 11% senior subordinated notes due 2015 and for general corporate purposes.
Ashton is an Atlanta-based homebuilder.
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