Tool hire firm’s turnaround plans boosted by £245m refinancing deal
HSS Hire Group, which reported a pre-tax loss of more than £80m for 2017, has announced a major refinancing with £245m of debt facilities.
The company, which has the majority of its workforce based at Manchester’s Trafford Park. has agreed a new term loan facility of £220m and a revolving credit facility of £25m in order to refinance its existing corporate debt.
The new term loan facility of £220m will be provided by HPS Investment Partners with £200m maturing in June 2023, and £20m, with flexibility to be settled befor... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
