Bullish indicating open at $55-$60, IPO prices at $37
PARIS - French equipment rental company Loxam S.A.S. announced Wednesday that BofA Securities Europe SA may begin stabilisation activities for its recently issued €540 million senior secured notes.
The 4.25% senior secured notes, due in 2031, were priced at 100.00% of face value with a non-call period of two years, according to a press release statement. The notes are guaranteed by Loxam Module SAS, Loxam Power SAS, and Ramirent Ltd.
The stabilisation period is expected to begin July 16, 2025, and end no later than August 15, 2025. During this time, the stabilisation manager may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
BofA Securities Europe SA, acting as the stabilisation manager, may over-allot securities to the extent permitted by applicable law, with stabilisation trading taking place over the counter.
The company noted that stabilisation activities may not necessarily occur and any actions taken could cease at any time. All stabilisation or over-allotment actions will be conducted in accordance with applicable laws and regulations.
The notes have not been registered under the United States Securities Act of 1933 and are not being offered to investors in the United States.
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