General Finance Corporation 8.125% Senior Notes Due 2021

By: ,

 

Date Issued   6/18/2014

Shares Issued  2,520,000     Overallotment Shares  360,000

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S&P Rating   NR    Moodys Rating   NR

Security Ticker Symbol   GFNSL

Market Traded ON   NASDAQ

Interest Payment Paid on the last day of January, April, July and October beginning on 7/31/2014

Quarterly Interest   .508   Annual Interest   2.03

Securities may be redeemed (up to 35% of the total), at anytime. Prior to  07/31/2017  the redemption price is 108.75% of par ($25) plus accrued interest and must occur within 180 days of an equity offering.  After 7/31/2017 redemption would be at $25 plus accrued interest.

Interest Payment will NOT be Qualified Distribution (interest payments are not qualified)

 

Maturity Date   7/31/2021

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Investor Relations page for General Finance.

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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