ERAC USA Finance LLC (the “Issuer”), the wholly-owned U.S. finance subsidiary of Enterprise Holdings, Inc. (“Enterprise Holdings”), announced today that it will redeem the entire outstanding principal amount of its 2.60% Notes due December 1, 2021 (the “Notes”) prior to the maturity of the Notes. The redemption date for the Notes is November 1, 2021 (the “Redemption Date”). The aggregate principal amount of the Notes outstanding is $350 million. The redemption price for the Notes will equal 100% of the principal amount, plus accrued and unpaid interest on the Notes, up to the Redemption Date. The Issuer plans to use cash on hand to fund the redemption of the Notes.
A notice of redemption is being sent to all currently registered holders of the Notes by the Trustee, The Bank of New York Mellon Trust Company, N.A.
This press release is not an offer to sell or a solicitation of an offer to buy any securities.