By Marisa Wong
Los Angeles, Sept. 10 – Helios Towers plc’s indirect wholly owned subsidiary, HTA Group, Ltd., priced $225 million of additional 7% senior notes due 2025 at 106.25 to yield 5.61%, according to a press release.
The notes, which are guaranteed by Helios Towers and some of its direct and indirect subsidiaries, are the same class as the $750 million of 7% notes due 2025 issued on June 18.
The add-on offering was upsized from $200 million.
Proceeds will be used for general corporate purposes, which may include acquisitions.
Helios is a London-based telecommunications company serving customers in Africa.
| Issuer: | HTA Group, Ltd.
|
| Guarantor: | Helios Towers plc
|
| Issue: | Senior notes, add-on
|
| Amount: | $225 million
|
| Maturity: | 2025
|
| Coupon: | 7%
|
| Price: | 106.25
|
| Yield: | 5.61%
|
| Pricing date: | Sept. 9
|
| Original issuance: | $750 million issued on June 18
|
|
|
© 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.
