Tool renter HSS on target with £200m HY

By Stefanie Linhardt
31 Jan 2014

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 ...

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