ASHTEAD GROUP PLC - Notes Offering
04 Novembro 2019 - 2:22PM
PR Newswire (US)
ASHTEAD GROUP,
PLC
CLOSING OF SECOND
PRIORITY SENIOR SECURED NOTES OFFERING
4 November 2019
Ashtead Group plc (“Ashtead” or the “Company”) announced today
the closing of its previously announced offering of $600 million aggregate principal amount of 4.000%
second priority senior secured notes due 2028 (the “2028 Notes”)
and $600 million aggregate principal
amount of 4.250% second priority senior secured notes due 2029 (the
“2029 Notes” and, together with the 2028 Notes, the “Notes”) by
Ashtead Capital, Inc. (“Ashtead Capital”), an indirect wholly owned
subsidiary of Ashtead. The Notes are fully and unconditionally
guaranteed on a senior secured basis by Ashtead and certain of
Ashtead’s direct and indirect subsidiaries. Once the $500 million aggregate principal amount of 2024
Notes are fully repurchased or redeemed, the Company expects that
the Notes will no longer be secured by the collateral.
________________________________________________________________________
-
The Notes were offered in the United
States only to qualified institutional buyers pursuant to
the exemption from registration under Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States only to
non-U.S. investors pursuant to Regulation S under the Securities
Act. The Notes have not been registered under the Securities Act or
any state securities laws and unless so registered, may not be
offered or sold in the United
States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws.
-
This release shall not constitute an offer to sell or a
solicitation of an offer to purchase the securities described
herein or any other securities, and shall not constitute an offer,
solicitation or sale in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful.
-
Ashtead is a public limited company incorporated under the laws
of England and Wales and its stock is publicly traded on the
London Stock Exchange (LSE: AHT).The Company is one of the largest
international equipment rental companies, with a network of 1,052
stores in the United States
(“US”), Canada and the
United Kingdom (“UK”) as of
July 31, 2019. Ashtead conducts its
equipment rental operations in the US and Canada under the name “Sunbelt Rentals” and in
the UK under the name “A-Plant.”
-
The Notes are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic
Area(“EEA”). For these purposes, a retail investor means a person
who is one (or more) of: (i) a retail client as defined in point
(11) of Article 4(1) of Directive 2014/65/EU(as amended or
superseded, “MiFID II”); or (ii) a customer within the meaning of
Directive 2016/97/EU (as amended or superseded, the “Insurance
Distribution Directive”), wherethat customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of
MiFID II; or (iii) not a qualified investor as defined in
Regulation (EU) 2017/1129 (as amended or superseded, the
“Prospectus Regulation”). Consequently, no key information document
required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs
Regulation”) for offering or selling the Notes or otherwise making
them available to retail investors in the EEA has been prepared and
therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA may be unlawful under
the PRIIPS Regulation.
-
This communication is for distribution only to persons who (i)
are outside the United Kingdom;
(ii) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the “Financial Promotion Order”); (iii) are persons falling within
Article 49(2)(a) to (d) of the Financial Promotion Order; or (iv)
are persons to whom an invitation or inducement to engage in
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any new securities may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as “relevant persons”). This
communication is directed only at relevant persons and must not be
acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this communication
relates is available only to relevant persons and will be engaged
in only with relevant persons. The Notes were not offered to the
public in the United Kingdom.
- FCA/Stabilisation
Enquiries:
Michael Pratt, Finance
Director
Will Shaw, Director of Investor
Relations +44 (0)20 7726 9700
Neil Bennett, Maitland
James McFarlane,
Maitland
+44 (0)20 7379 5151
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