Ashtead $2.6 billion financing

Overview:

• Industrial equipment rental company Ashtead Group has taken out a $2.6 billion credit facility.
• The facility includes provisions for Ashtead subsidiaries across the world.
• Because of the international nature of the facility, the borrowings were in US as well as Canadian, European, and British currencies.
• The loan will be used for general capital purposes.
• Bank of America was administrative agent.

Kurt Stumpo - Journalist