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BRIEF-Emeco says purchases US$52.3M of 144a bonds

Published 15/12/2015, 10:07 am
© Reuters. BRIEF-Emeco says purchases US$52.3M of 144a bonds
EHL
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Dec 14 (Reuters) - Emeco Holdings Ltd EHL.AX :

* Emeco purchases US$52.3M of 144a bonds EHL.AX

* Says bond purchase reduces emeco's annual finance costs by approximately US$5.2 million

* Says transaction was funded by the partial closure of the company's cross currency interest rate swap facilities

* Exposure to currency fluctuations is somewhat reduced by the lower net US debt levels and the remaining cross currency swaps

* Says "as part of making this purchase we have reduced our hedge position"

Source text for Eikon ID:nASX8rC9pF

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