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ADS Tactical To Sell $275M In Notes

ADS Tactical is planning to raise $275 million in a sale of notes.

ADS Tactical is planning to raise $275 million in a sale of notes, Bloomberg reports. The seven-year senior secured notes will be noncallable for four years.

The provider of equipment to the U.S. Department of Defense intends to use the proceeds to refinance existing indebtedness. They will also be used to finance an equity distribution to shareholders.

Click here for the story from Bloomberg.

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