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Ashtead to repay first priority senior secured loan with new notes
By Tali Rackner
Norfolk, Va., Sept. 10 – Ashtead Group plc plans to repay a portion of the outstanding amounts borrowed under its first priority senior secured credit facility with the proceeds from a new notes offering, according to a filing with the London Stock Exchange.
Proceeds will also be used to pay related fees and expenses as the next step in its long-term balance sheet management.
Ashtead is a Leatherhead, England-based equipment rental company.
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