Loxam conditionally calls 6% senior subordinated notes due 2025

By Marisa Wong

Los Angeles, March 1 – Loxam SAS issued a notice of conditional full redemption for its €119,566,000 outstanding 6% senior subordinated notes due 2025 (ISIN: XS1590067432, XS1590067515).

The redemption is conditioned on the issuer raising sufficient proceeds to pay for the 6% notes due 2025 in full.

The notes will be redeemed on the later of (i) March 13 and (ii) if the financing condition has not been met or waived by March 13, the business day following satisfaction or waiver of the financing condition, provided that the redemption date will be not be more than 60 days from the date of the redemption notice.

The redemption price is par plus accrued interest to but excluding the redemption date, plus additional amounts, if any. Based on an assumed redemption date of March 13, the redemption price would be €122,515,294.67.

Wilmington Trust, NA is the trustee.

Deutsche Bank AG, London Branch (+44 20 7547 6149) is the paying agent.

Loxam is a Paris-based rental equipment company operating in Europe.

© 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.