Completion of Partial Redemption

RNS Number : 7747E

HSS Hire Group PLC

13 February 2015

 

13 February 2015

HSS Financing plc

Completion of Partial Redemption of 6.75% Senior Secured Notes due 2019

HSS Financing plc (the "Company") today announces the completion of the previously announced partial redemption of its 6.75% Senior Secured Notes due 2019 (the "Notes"). Pursuant to the previously issued redemption notice, the Company on 12 February 2015 (the "Redemption Date") redeemed £64.0 million of its outstanding Notes at a redemption price of 106.750% of the principal amount being redeemed (being £68.32 million in total), plus £132,000 in accrued and unpaid interest to the Redemption Date. As a result of the partial redemption, £136.0 million remains outstanding under the Notes, representing 68% of the original aggregate principal amount of the Notes.

On 9 February 2015 the ordinary shares of HSS Hire Group plc, a parent company of the Company, were admitted to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc.

ENQUIRIES

HSS Hire Group plc	+ 44 (0) 208 897 8566
Chris Davies, Chief Executive Officer
Steve Trowbridge, Chief Financial Officer

 

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