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Moto Hospitality to price £175 million five-year second-lien notes
By Paul A. Harris
Portland, Ore., March 9 – Moto Hospitality announced in a Monday press release that it plans to offer £175 million of second-lien notes due 2020 via Rule 144A and Regulation S.
No timing or syndicate names were disclosed.
The Toddington, England-based operator of motorway service stations plans to use the proceeds, along with cash on hand, to purchase or redeem in full outstanding amounts under Moto’s £176 million 10¼% second-lien notes due 2017.
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