Ashtead prices £245m debt facility

Ashtead, the international equipment rental company which will leap into the FTSE 100 on 20 December, yesterday said it has priced $400m (£245m) 6.5 per cent notes due 2022. The offering is an expansion of a $300m debt facility announced on Wednesday. “Good credit markets have enabled us to fix the cost of a further tranche of our debt at attractive long-term rates,” said boss Geoff Drabble.