VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2013) - Finning International Inc. (FTT.TO) announced today that it has completed a private placement of £70 million principal amount of senior unsecured notes (the "Notes"). The sale of Notes is comprised of one series: the £70,000,000 3.40% Senior Notes, Series F, due May 22, 2023.
The ten-year Notes will rank pari passu with Finning's existing senior unsecured obligations. Proceeds will be used to fund the repayment of the Company's current 5.625% £70 million Eurobond, due May 30, 2013.
Finning International Inc. (FTT.TO) is the world's largest Caterpillar equipment dealer delivering unrivalled service to customers for 80 years. Finning sells, rents and services equipment and engines to help customers maximize productivity. Headquartered in Vancouver, B.C., the Company operates in Western Canada, Chile, Argentina, Bolivia, Uruguay, as well as in the United Kingdom and Ireland.