Exponent's HSS seeks high yield debut after string of acquisitions

HSS Hire, the UK tool and equipment hire company, is aiming to sell its first bond, a £200m senior secured 5.5 year high yield issue.

  • By Stefanie Linhardt
  • 27 Jan 2014

Bookrunners JP Morgan, Barclays and HSBC are organising investor meetings from Monday to Wednesday.

HSS will use the proceeds to refinance its senior facilities and revolving facility, to repay shareholder loans and for fees and expenses.

Private equity firm Exponent Private Equity acquired HSS in October 2012 for ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%