Ashtead Group PLC Investor Roadshow (1160H)
July 30 2021 - 08:20AM
UK Regulatory
TIDMAHT TIDM38LP
RNS Number : 1160H
Ashtead Group PLC
30 July 2021
ASHTEAD GROUP PLC
INVESTOR ROADSHOW
This announcement contains inside information
30 July 2021
Ashtead Group plc ("Ashtead" or the "Company"), an international
equipment rental company with national networks in the US, UK and
Canada, rated Baa3 (stable) / BBB- (stable) / BBB- (stable) by
Moody's / S&P / Fitch, has mandated BofA Securities, Citigroup,
and J.P. Morgan Securities to arrange a series of fixed income
investor calls, taking place on 2 August 2021. A 144A/RegS,
benchmark-sized, senior, unsecured, dual-tranche transaction may
follow, subject to market conditions.
If a transaction does follow, the net proceeds and funds from
existing facilities will be used to redeem the outstanding 4.125%
Senior Notes due 2025 and 5.250% Senior Notes due 2026 of its
wholly owned subsidiary, Ashtead Capital, Inc., in accordance with
their respective call schedules.
The person responsible for the release of this announcement on
behalf of Ashtead is Eric Watkins.
1. A rating is not a recommendation to buy, sell or hold
securities and may be subject to revision or withdrawal at any
time. This announcement is confidential and for your information
only and is not intended to be distributed to or reviewed by anyone
other than you. This announcement does not constitute an offer to
sell or the solicitation of an offer to buy any securities of
Ashtead Group, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification of such securities
under the securities law of any such jurisdiction. If a transaction
follows, it will be made to eligible investors only by means of an
offering memorandum. Any securities referenced herein have not been
and will not be registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States
absent registration or an exemption thereunder. When available, a
copy of the offering memorandum and any preliminary and final term
sheet relating to such transaction may be obtained by eligible
investors by contacting Ashtead Group or the initial purchasers of
that offering. Eligible investors are advised to obtain a copy of
the offering memorandum and each such term sheet and to carefully
review the information contained or incorporated by reference
therein before making any investment decision.
2. Ashtead is a public limited company incorporated under the
laws of England and Wales and its stock is publicly traded on the
London Stock Exchange (LSE: AHT). The Company is one of the largest
international equipment rental companies, with a network of 1,126
stores in the United States ("US"), Canada and the United Kingdom
("UK") as of April 30, 2021. Ashtead conducts its equipment rental
operations across all markets under the name "Sunbelt Rentals".
3. This communication is directed only to, and is only directed
at, persons who (i) are outside the United Kingdom; (ii) have
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended or superseded, the
"Financial Promotion Order"), (iii) are high net worth entities or
other persons falling within Article 49(2)(a) to (d) of the
Financial Promotion Order, or (iv) are persons to whom an
invitation or inducement to engage in investment activity (within
the meaning of section 21 of the Financial Services and Markets Act
2000) in connection with the issue or sale of any securities may
otherwise lawfully be communicated or caused to be communicated
(all such persons together being referred to as "relevant
persons"). This communication is directed only at relevant persons
and must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which
this communication relates is available only to relevant persons
and will be engaged in only with relevant persons.
Enquiries:
Will Shaw, Director of Investor
Relations +44 (0)20 7726 9700
Neil Bennett, Maitland/AMO
James McFarlane, Maitland +44 (0)20 7379 5151
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END
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