Ashtead to repay first-priority senior secured facility 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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