- Target Hospitality's ( NASDAQ: TH ) indirect subsidiary, Arrow Bidco will redeem $125M in principal amount of its outstanding 9.50% Senior Secured Notes due 2024 on Mar.15, 2023.
- The notes will be redeemed for a redemption price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest to but not including the Redemption Date.
- The company will remain focused on allocating capital to high return initiatives, including strategic growth opportunities, while maintaining progress towards being net-debt free in 2023.
For further details see:
Target Hospitality to partially redeem senior notes to enhance value creation