Sarens Bestuur NV announces launch of a senior notes offering by its Subsidiary Sarens Finance Company NV
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Sarens Bestuur N.V. ("Sarens Group") today announces that its direct subsidiary Sarens Finance Company NV commenced an offering of senior notes due 2022 (the "Notes"). The proceeds from the offering of the Notes, if completed, are expected to be used to acquire assets currently held off balance sheet under operating leases and purchase options, fund related transaction fees and expenses and for general corporate purposes.
Standard & Poor's recently assigned Sarens Bestuur N.V. a corporate credit rating of BB with a 'stable' outlook.
The Sarens Group, with its Belgium-based head office (Wolvertem), has been providing heavy lift, engineered transport and specialized rigging services for more than 60 years. With state of the art design tools and one of the world's largest inventories of cranes, transporters, and specialty rigging equipment, along with a team of highly skilled professionals, the Sarens Group is an international market leader in its field. Employing more than 4,200 dedicated employees who embody the spirit of the company's motto, "Nothing too heavy, Nothing too high", the Sarens Group is well prepared to support its customers' heavy lift, engineered transport and specialized transport requirements around the globe and across every market sector. (www.sarens.com)
For more information, please contact:
Corporate Communication Manager Sarens Group
+32 (0)52 319 381
This document is not an offer of securities for sale in the United States or any other jurisdiction where to do so would be unlawful. Sarens Group has not registered, and does not intend to register, any securities in any of these jurisdictions and does not intend to conduct a public offering of securities in any of these jurisdictions.
In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. The offer is being made outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
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