Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Emeco Pty. Ltd. > News item |
Emeco to start roadshow on Monday for $360 million five-year notes
By Paul A. Harris
Portland, Ore., Feb. 27 - Australia's Emeco Pty Ltd. plans to start a roadshow on Monday for a $360 million offering of five-year senior secured notes, according to an informed source.
The deal is set to price late in the week ahead.
Credit Suisse Securities (USA) LLC is the bookrunner for the Rule 144A and Regulation S for life offering.
The notes become callable after two years at par plus 50% of the coupon and feature a two-year 40% equity clawback and a 101% poison put.
The Osborne Park, Australia-based mining equipment rental company plans to use the proceeds to repay debt and for general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.