Loxam completes redemption of 6% senior subordinated notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., March 13 – Loxam SAS reported that the conditions for the full redemption of its €119,566,000 outstanding 6% senior subordinated notes due 2025 (ISIN: XS1590067432, XS1590067515) have been satisfied.

The redemption was conditioned on the issuer raising sufficient proceeds to pay for the 6% notes due 2025 in full.

The notes will be redeemed on March 13 at par plus accrued interest to but excluding the redemption date, plus additional amounts, if any. The total redemption price was previously calculated to be €122,515,294.67.

Wilmington Trust, NA is the trustee.

Deutsche Bank AG, London Branch (+44 20 7547 6149) is the paying agent.

Loxam is a Paris-based rental equipment company operating in Europe.

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