Tool renter HSS on target with £200m HY
HSS Hire, the UK tool and equipment hire business, priced its debut high yield bond on Wednesday, in line with guidance.
The £200m of senior secured notes due August 2019 were priced at par with a 6.75% coupon. They hovered around reoffer on Thursday, said a banker close to the deal.
The bond, issued through HSS Financing plc, is rated B2/B.Bookrunners JP Morgan, Barclays and HSBC released price guidance ...