29th Jun 2018 12:50
LONDON (Alliance News) - HSS Hire Group PLC on Friday declared that HSS Financing PLC intends to redeem its 6.75% senior unsecured notes due 2019 for GBP140.1 million.
The conditional redemption price will be 100% of the GBP136.0 million principal paid for the notes plus up to GBP4.1 million in accrued and unpaid interest.
Last Wednesday, HSS Hire refinanced its debt though a GBP220 million term loan with HPS Investment Partners and a GBP25 million revolving credit facility with HSBC Bank.
Shares in HSS Hire were up 5.5% at 33.77 pence on Friday.
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