BALTIMORE, Feb 7 (Bernama-GLOBE NEWSWIRE) -- Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that it has successfully priced a notes offering by two of its affiliates.
Algeco Scotsman Global Finance plc priced its offering of senior secured notes (the “Senior Secured Notes”) which consist of the following tranches:
- €600,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 6.50% per annum and a yield to maturity of 7.00%;
- $520,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 8.00% per annum and a yield to maturity of 8.50%; and
- €150,000,000 Senior Secured Floating Rate Notes due 2023, to be issued with a coupon of EURIBOR plus 625 bps per annum.
Algeco Scotsman Global Finance 2 plc priced its offering of $305,000,000 aggregate principal amount Senior Notes due 2023 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”). The Senior Notes priced with a coupon of 10.00% per annum and a yield to maturity of 11.50%.
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