Loxam to redeem 7 3/8% senior subordinated notes on May 4

New York, April 22 – Loxam SAS announced that it has called its €300 million of 7 3/8% senior subordinated notes due 2020 for redemption on May 4.

Holders will receive 105.531% of par plus accrued interest, according to a notice from the issuer.

The redemption is subject to the sale of at least €200 million of new senior secured notes.

Loxam priced €250 million of 3½% senior secured notes due 2023 on Thursday.

Loxam is a Paris-based equipment rental company.

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