30th Oct 2014 18:23
LONDON (Alliance News) - Arrow Global Group PLC Thursday said it priced its offering of EUR225 million of senior secured floating rate notes due 2021, at an issue price of 97.50%.
The company said the net proceeds from the offering, together with cash on hand, will be used to fund the acquisition of the Capquest group, and to repay a portion of amounts drawn under its revolving credit facility.
Arrow Global shares closed 1.2% lower Thursday at 249.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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