Loxam conditionally calls €120 million of 6% notes due 2025 at 101.5

By Marisa Wong

Los Angeles, Nov. 5 – Loxam SAS has issued a notice of conditional redemption for €120 million of its 6% senior subordinated notes due 2025, according to a press release.

The notes will be redeemed on Nov. 15 at 101.5 plus accrued interest to but excluding the redemption date.

Upon completion of the redemption, the outstanding principal amount of the notes will be €119,566,000.

The partial redemption will be funded out of available cash and will generate annual interest savings of €7.2 million.

Loxam is an equipment rental services company based in Paris.

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